the oil jawboning maybe starting up again but it gets more and more obvious. As this round of jawboning may not bounce it too far...oil in pretty clear bear market. however the oil bounce play pulling the spx is the favorite right now....in fact any bogus played up news bouncing the spx seems very much a bearish indication EUR also seems very tradable as the trend is pretty clear and lower lows are being made....but then the short term bounce back into 1.075-1.078 range seems also very much expected its a good traders market in general right now
Cheerleader here! Lol. Bought back in with the rest of my retirement accounts that was still in cash on Friday and also had a short vol spread on that benefited.
I like the spread...currently long (shorter term calls) on the SPX and DJIA and short RUT and NDX (selling longer term calls on RUT and buying longer term puts on NDX) also short Vol against retail earnings this week
expecting 2100 on es by end of week, maybe sooner gone long on Nikkei futures (is Japan closed or summit?) as well
Roubini now says the only way the US goes into recession is if one of these 2 things happen: 1. China has a hard landing 2. If the federal reserve raises rates too much to quick So he's basically saying there is zero chance of a recession.... Hmmmm http://www.cnbc.com/2015/11/17/nouriel-roubini-no-global-recession-soon.html With him saying no global recession soon to me sounds like it's only hours away.