I was wrong today but it didn’t take long to catch on
Mutual funds still buying bonds and selling stock
CL liquidation major factor today ; CL down over 5.3%. Crude oil volatility is up to 66%
VIX got up to 21.29, up 2.5%
Still have some key economic reports this week and the PitBull Thursday Friday low the week before the expiration.
I am starting to look at some cheap calls to buy, the FEB 2075 are 150@ 170 2090s are 1.00 @1.20, 2090s are .65@.75 cents and the Jan 2100s are .40@.50 CL goes up 3 or 4 bucks the ES will be up 30 to 40 handles.
High 2040.00 early
Low 2010.00 late
Last 2015.30 last
Volume 1.85 mil and 7k SPH trade
Tomorrow: Gallup US ECI, Redbook, PMI Services, Factory Orders, ISM Non0Mfg Index
No responses yet