Congress Is Still Spending Like It’s 2020
Yo Pit Crazies, AG's alter-ego Vol Man here with my weekly analysis. As usual, I start with my last forecast… Last Week’s Big Call I’m thinking of a drift to $780 SPY with very little downside action. The relatively quiet Pres Trump makes me think we get an announcement on Iran. In the meantime, get […]
Why a calm VIX is not a safe market
Yo Pit Crazies, The VIX is sitting around 18, and just about everybody reads that one way: calm. Nothing to see here. Go back to sleep. I want to talk you out of that, because the VIX (the market's fear gauge, basically the price of one month of insurance on the S&P 500) is not […]
One stock bouncing, one still bleeding
The Big Money Player you never heard of Way back when I was involved with a Fintech startup, a 3D application, I tried to sell the concept to Fiserv (FISV). The big reason they could not integrate the relatively heavy platform was it could not fit within their security framework. What could have been a […]
Stocks tickle all time highs so what the heck is going on?
Yo Pit Crazies, Does anyone know that the Strait of Hormuz is blocked? That tickle to all-time highs tells me one of two things: Traders don't care about oil anymore. And traders don't need to care about oil anymore. Now the issue of course is VIX is sky-high for a stock market going to the […]
Someone is following a plan
Yo Pit Crazies, I thought Monday was going to be ugly. As ugly as what is left of my favorite chicken Festus. All that is left of Festus is a pile of feathers. Not unlike the peace negotiations that went on this weekend. Well something good happened and something didn’t. RIP Festus The SPY tells […]
VIX Collapsed. Here Is What Comes Next.
Yo Pit Crazies, AG's alter-ego Vol Man here with my weekly analysis. As usual, I start with my last forecast. If my Option Volatility Jargon is vexing, tap our Glossary here. Last Week’s Big call for Apr 10 The Iran Conflict keeps going. I expect at least one trip down to 640 or lower next […]
A Student Tipped Me Off. Here Is What Happened.
Yo Pit Crazies, All week we have been talking about the Game Plan and Vozies 72 hours of Wealth Creation. Well I jumped on the idea a bit when one of my students posted in the chat he was running some Game Plan calls. So I knew I needed to buy some SPY calls since […]
VIX Just Hit the Low of the War
Yo Pit Crazies, Just yesterday, I alluded to the VIX index and VIX futures separating. Well, that happened today. VIX dropped away from the futures (meaning the spot fear gauge fell while the futures stayed elevated, a sign traders expect calm ahead) and traders breathed a sigh of relief as Israel and Lebanon started negotiations […]
The Easiest VIX Trick to Read the Negotiations
Yo Pit Crazies, For all of my new subscribers to Market Action, welcome. What I do here almost every day is find a misunderstood part of the volatility and equity markets and use it to figure out what I want to do tomorrow. Well there you have it. Stocks staged a massive rally to get […]
Unorthodox Solutions to Complex Problems
Yo Pit Crazies, For all of my new subscribers to Market Action, welcome. What I do here almost every day is find a misunderstood part of the volatility and equity markets and use it to figure out what I want to do tomorrow. That tomorrow will be Wednesday of course. Stay till the end, because […]