Hey Traders,

I’m here with your Midweek Update… 

Here’s a deep dive into the current financial landscape and what to watch out for ahead of the non-farm payrolls report tomorrow.

In today’s video, I cover the market overview and outlook on what’s next – for both the market and volatility into tomorrow’s big number… 

I cover my top sectors to watch…

And I’ve spotted some trading opportunities ahead that I’d like to share…

Market Overview: The S&P 500 is down approximately 25 points, while the NASDAQ has dropped by about 116 points, constituting a 0.6% to 0.7% decline.

Volatility (VIX): VIX has surged to 19.15, indicating increased market volatility.

VIX Futures Term Structure: The front three months of VIX futures exhibit a remarkably flat term structure, with December and November trading at the same price.

Market Outlook: There’s potential for a market pullback if the current selling trend continues, which could impact VIX term structure.

Upcoming Binary Event: The market is pricing in a significant move related to the non-farm payrolls report, with options indicating a potential $44 move.

Put Wall: The 200-day moving average aligns with a significant put wall, presenting a critical juncture for the market.

Trading Opportunities: Downside options are relatively cheap, providing opportunities for bearish positions, while VIX options also appear underpriced.

Sector Watch: Financials and energy sectors are facing challenges, while mega-cap stocks like Apple and Nvidia are holding the market’s stability.

Market Signals: Keep a close eye on Apple and Nvidia, as their performance during a market sell-off may signal a potential capitulation event.

Watch it all right here…