HYG JUNK ETF, PUT OPEN INTEREST TOTAL MARCH 19 EXPIRY : 1,466,709 1.46 Million PUT Contracts have been bought for March 19 ALONE!!!!
This no volatility market has been extremely boring....it's funny how much push and pull you see when markets are collapsing, huge swings of hundreds of points, now that the market has been up 9 straight weeks it's nothing but boring. Hopefully soon we can get some 2% swings. I went from doing 10-20 trades a week to 1-2!! Fed minutes being released in 5 minutes...get ready for extreme bullishness as the fed has gone completely dovish ...look for a 1% rally by close...Dow 27,000 by next week....30000 by April ..35000 by summer...45000-50000 by Christmas!!!!
Just as I said The Federal Open Market Committee at the meeting voted to keep its benchmark interest rate target at 2.25 percent to 2.5 percent. More significantly, the committee indicated it will take a "patient" approach to further policy moves, indicating to the market a dovish stance that helped push a stocks rally.
We got this broski... There is no way it doesn't collapse in first half 2019, consumer debt is maxed out corporate debt is maxed out, and many banks across the world are starting to fall apart and crack, from Australia, china to entire Europe
First new highs then the plummet!! Too much at risk....it's a debt ridden global economic meltup the last decade...no such thing as free markets as the fed continuously gives wallstreet what it wants!!