Kinda wild that a massive 0DTE 7385/80 credit spread is propping up the market today... without it, we'd probably be lower already. VIX futures hovering near highs, but this gamma zone should act as a floor for today.
NYSE breadth has been green all day, and Nasdaq is flat—n
Check out this $UBER trade setup: July 31st 64P 💡
📉 Entry: 65.56
🎯 Goal: 63.42
🛑 Stop: 67
UBER ended at 65.94 after a huge drop Friday. Looks like a simple move lower tomorrow to test support around 63.42. Bigger support near 60 is on the radar as momentum stays down
Back in 2007-08, credit default swaps were screaming a warning:
https://t.co/wAEpHSqQcJ
I feel like they’re worth keeping an eye on now. Problem is, they’re locked behind pricey paywalls, so most of us only get secondhand glimpses. (@zerohedge does a solid job digging in
Let’s break down the dollar-yen for the new week!
Short-term: depends on Iran. Basically, eyeing 165 yen.
Dollar-yen rose from 162 to near 164. Main driver? Stronger dollar due to Middle East tensions. Not yen-selling, but dollar-buying.
Japan’s real rates are negativ
What should we watch for in the week starting July 27?! The yen keeps falling despite jawboning and US pressure!! The BOJ meeting will be the final judge
https://t.co/YqmvE0rwNA
Monday’s coming, and I’m aiming for hundreds of pips 📉
Right now, gold is stuck in a big 4200–4000 range. It keeps bouncing around these levels.
But that range is slowly breaking down. Why? Because highs are getting lower.
The selling pressure is strong, and 4000 is
I'm doing a live stream tomorrow at 9 am (ET) to talk about why the Canadian Dollar has decoupled from oil prices in recent years, which is why the recent spike in Brent hasn't given it a lift. I'll also talk about the war, the blockade and oil prices...
https://t.co/uTUdoPg1n4
Great interview with Ron Baron @TheCompoundNews@Downtown@michaelbatnick
Baron Partners fund is the #1 performing mutual fund in the United States since its inception in 2003
https://t.co/AkjnvNScTw