A “Golden” Opportunity
Yo Pit Crazies, Both gold and VIX volatility are at year lows, while stocks came out of the doldrums on Thursday because the Fed – surprise – got a bit less hawkish. That has been good for the SPDR Gold Trust (Ticker: GLD). And since the VIX itself is not at year lows (and has […]
Is 4,000 SPX the New “Super Glue” Strike?
Yo Pit Crazies, There is always the day after. As in the day after the FOMC speaks and pundits digest the nuggets of truth (and otherwise) coming out of the Fed. Bill Griffo and I will discuss and decipher this in our Power Gains session today at 11 a.m. (If you want in on that, […]
Bargain Hunters Unite!
Yo Pit Crazies, The Invesco QQQ Trust (Ticker: QQQ) is back to reality. All the 2021 gains from 2021 are toast and I see us now deep into 2020 levels, around election time and prior to the vaccine launch levels. That is a big fall from grace. QQQ, which closed yesterday […]
BMF Show SLB 05.24.2022
Is the strong dollar over?
Yo Pit Crazies, All this recession talk has me wondering … How high can the dollar go if the USA doesn’t raise rates anymore? It’s a burning question for sure, as the economy continues to tighten. Below is Livevol Pro comparison of two ETFs: Jump on through to see what I think. The Dollar and […]
Trading in a Bear Market
Yo Pit Crazies, I have been stuck in Chicago since Friday, when I was originally scheduled to fly out. It must be the cost of living in the woods on a rock by the water. Not Chicago. The good part is I get to stay with old friends from my Chicago trading days. Twenty years […]
We are in Chicago, and we crushed the vol
Yo, Pit Crazies. The whole Option Pit team is in Chicago this week and noticed something we have not seen in quite a while. The vol of VIX – that’s the VVIX – is getting crushed. Here’s what that means … VVIX is the Vol of Vol VVIX is the implied volatility of the Cboe […]
The Magic 8 ball says SPX going to orbit
Yo Pit Crazies. Recent economic numbers have been terrible, with bad sentiment last week and recessionary sounding reports Monday. This was a report Bill Griffo made to the Pro Chat Room … How’d the market take it? With a massive yawn. Big indexes down and vol down. Vol Man said on Sunday he thought we […]
BMF Show SWN MQ PLTK 05.13.2022
There Was A Crash Friday (Just Not in Stocks)
Yo Pit Crazies, If you missed the rally on Friday, don’t worry there will be another one. One of the leading indicators is turning bullish. I won’t tell you which one right now, but it is kind of a big deal … Let’s play Guess That Chart and see what next week brings. And the […]