SPX HI'r - USD HI'r....Hmmmmm (WTF)

Updated

BLUF: Yep we hit 100% Symmetry line w/new resistance...SPX hitting 3400 Sooner rather than Later but turn around and LooK at the USD this "Usually/Most Often" doesn't end well...TBD. Let's watch the ShitShow.

HEAD SHOTs ONLY!!!

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At the Close....Selling into the Wave

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Market Pulse...

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FOMC Minutes:

"The manager noted that, although the pace of Treasury purchases would likely continue into the second quarter, the rate of expansion in the Federal Reserve’s balance sheet would moderate during the first half of 2020 as repo outstanding was gradually reduced."

In other words, the hope is that after the second quarter, balance sheet growth will be purely “organic” and not driven by the need to replenish scarce liquidity or reserves, and certainly not by any desire to deliberately compress risk premia in the course of encouraging speculation and underwriting the short vol. trade in all its various manifestations.

The FED is well aware market indicators expect a high probability of two rate cuts in 2020...but FOMC Missionaries are already out & about stating the the same ole lines but stating at current macro data...they do not see any need to cut further...TBD, at some point the BondKings will not like this...TBD!

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The last time this type of steepening in markets and USD...this did not end well in 2018...Let's see what happens!

I will LMFAO off if the "MarketFookinFookSticks" are waiting till "SuperTuesday" and "FeelDaBern" wins and the next day markets tank...TBD!

When I look at these markets I see nothing but really unusually fast ROC/Steepening and Gaps are EveryFookinWhere...Not Healthy! What do I know...worth about two cents...Adapt or Die! Cheers!

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3390 held strong today as the market closes a bit higher. 3375 was the battleground w/overhead calls like 3400 & 3500. ZeroG @ 3270/PutWall@3100/CallWall@3400.

FookinGamma levels should maintain, w/things shifting tomorrow afternoon into Fridays OPEX.

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Cboe Market Summary for Tuesday, February 18, 2020Change Date
RATIOS
TOTAL PUT/CALL RATIO 0.78
INDEX PUT/CALL RATIO 1.06
EXCHANGE TRADED PRODUCTS PUT/CALL RATIO 0.84
EQUITY PUT/CALL RATIO 0.51
CBOE VOLATILITY INDEX (VIX) PUT/CALL RATIO 0.48
SPX + SPXW PUT/CALL RATIO 1.79
OEX PUT/CALL RATIO 0.61
SUM OF ALL PRODUCTS
CALL PUT TOTAL
VOLUME 3,334,848 2,604,381 5,939,229
OPEN INTEREST 145,050,531 148,335,219 293,385,750
INDEX OPTIONS
CALL PUT TOTAL
VOLUME 1,284,550 1,367,015 2,651,565
OPEN INTEREST 13,943,213 15,925,257 29,868,470
EXCHANGE TRADED PRODUCTS
CALL PUT TOTAL
VOLUME 575,052 485,444 1,060,496
OPEN INTEREST 38,754,000 54,685,404 93,439,404
EQUITY OPTIONS
CALL PUT TOTAL
VOLUME 1,475,246 751,922 2,227,168
OPEN INTEREST 92,353,318 77,724,558 170,077,876
CBOE VOLATILITY INDEX (VIX)
CALL PUT TOTAL
VOLUME 604,772 291,430 896,202
OPEN INTEREST 5,568,188 2,236,382 7,804,570
SPX + SPXW
CALL PUT TOTAL
VOLUME 581,470 1,041,710 1,623,180
OPEN INTEREST 5,256,569 12,075,903 17,332,472
OEX
CALL PUT TOTAL
VOLUME 738 450 1,188
OPEN INTEREST 3,079 4,588 7,667

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Twitter:

SentimenTrader
SentimenTrader
Over the past 2 weeks, options traders spent more than $16 billion buying speculative calls.

That's 60% more than any other 2-week period since 2000.

Maybe this is a nothing-matters-forever kind of market, but holy moly.

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MikeSans

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