Hedge_Of_The_World

Hedge_Of_The_World

After an ugly close yesterday, the US majors are rebounding with the Dow, S&P, and Nasdaq, all up around 0.50%, and the Russell up 0.80% on Wednesday morning. European markets are essentially flat, with Asian markets catching a bid. The Hang Seng was up by as much as 2% at 8:45AM. Consumer Inflation data came in moments ago; CPI came in lower than anticipated at...

Hedge_Of_The_World

Candidate for WTF chart of the day here.

Hedge_Of_The_World

US Futures drifted lower overnight, after seeing new all-time high's, with the S&P, Dow, and Nasdaq all down around 0.15%. European and Asian markets traded mixed, with the DAX and IBEX 35 (Spain) getting hit the hardest, and down around 0.50%, and 1.10% respectively. With mega tech struggling to see gains in the previous couple sessions, we may be seeing signs of...

Hedge_Of_The_World

Futures are trading higher on Monday morning (at new ATH's again), to kick off the second week of February. The S&P tagged a 3900 handle with the democrats $1.9 Trillion dollar stimulus proposal back in focus. We've been discussing stimulus for quite some time now, and it seems the most effective stimulus is the one that never comes, just like the best trade deal...

Hedge_Of_The_World

Markets have been on an absolute tear this week, and as we kick off the final day of trade for the week, it's important to reflect on what we just witnessed, especialy given last weeks (long awaited) bearish price action. We saw a massive rally this week fueled by stupidity, greed, and fraud, and I'm not convinced we're seeig natural price action off the back of...

Hedge_Of_The_World

Hey guys, sorry I missed you yesterday, I had a busy day of meetings and was away from my desk. Let's get right into it this morning. US Futures are struggling to hold on to the (weak) overnight gains, which saw the majors bounce between quarter and half a percentage point as of 8:30AM. We saw jobless claims come in hot at 779k claims, but better than the 825k...

Hedge_Of_The_World

I'm away from my desk today guys, as I have a few meetings, but I wanted to share an idea nevertheless. The rocket ship appears to be running out of fuel around the gamma neutral zone (383), and the top of the white channel, where we saw 5 houly rejections in a row yesterday afternoon. AMZN and GOOG beat on earnings after the market close yesterday, and yet,...

Hedge_Of_The_World

The rocket ship appears to be running out of fuel around the gamma neutral zone (3830). We saw a retest of the longterm support-turned-resistance (green ascending trendline), and are setting up for a rejection. AMZN and GOOG beat on earnings after the market close yesterday, and yet, futures are relatively flat this morning. Will we finally see a (notable)...

Hedge_Of_The_World

The US majors are extending yesterday's gains with European and Asian markets up across the board, and leading the way. The S&P broke above the 21 day EMA in the overnight session, after seeing a rejection during yesterday's cash market. You guys know the game - when bears go to sleep, central banks show up and raid the barn. I see no reason for the continued...

Hedge_Of_The_World

Global futures are rebounding on Monday after a bearish close on Friday, and the worst week for markets since October. The SPY is catching a strong bounce off the 50 day MA, and is working its way toward the 21 day EMA at 376.80 as we approach the open. I expect to see strong resistance here, and a continuation of the downtrend from last week, toward the 50 day MA...

Hedge_Of_The_World

The Nasdaq ( QQQ ) is poised to open above it's 21 day EMA, which is sitting around 317.56. If QQQ sees a rejection at the open, our first target is the 50 day MA at 309. On the Russell ( IWM ), we're currently trading above the 21 day EMA in pre-market, with the 50 day MA sitting around 196.56. SPY is also seeing a bounce toward the 21 day EMA, where we expect to...

Hedge_Of_The_World

Global futures are rebounding on Monday after a bearish close on Friday, and the worst week for markets since October. The SPY is catching a strong bounce off the 50 day MA, and is working its way toward the 21 day EMA at 376.80 as we approach the open. I expect to see strong resistance here, and a continuation of the downtrend from last week, toward the 50 day MA...

Hedge_Of_The_World

Global futures are tanking again on Friday morning, with the US majors down around 0.8% pre-market. We're seeing a sea of red across Europe and Asia as well, with the DAX, CAC40, FTSE100, and Hang Seng all down around 1.5%. Vix is catching a strong bid this morning, and is back at a 33 handle and up around 12% pre-market. The short squeeze bonanza continues this...

Hedge_Of_The_World

It was a massacre yesterday with global markets tanking in upwards of 3.5%, as the most shorted stocks continued to skyrocket on pure stupidity. The S&P500 saw an overnight session low of 3,703.75, which is the bottom of our white channel, and where the 50 day MA is sitting on our SPY chart. We mentioned in our analysis yesterday, that if the 200MA (h) broke,...

Hedge_Of_The_World

What a beauty...

Hedge_Of_The_World

Global Futures are notably in the red on Wednesday ahead of the Fed's January FOMC rate decision. The US majors are trading down around 1%, with the Russell taking a beating, and down over 2%. European and Asian markets are leading the way lower, with the Dax down as much as 2.25%, and the Hang Seng down around 1.5%. Vix is being heavily bid as one might expect,...

Hedge_Of_The_World Updated 

After a choppy day yesterday, which looked nothing like efficient price action to me, US Futures melted up from around 1AM. We saw some weakness earlier on in the session, but the losses were quickly reversed, just as they were in the cash market. We're currently trading near all-time high's once agian, as a busy earnings week continues with Microsoft and AMD...

Hedge_Of_The_World

Global futures traded mixed on Monday morning to kick-off a busy earnings week, with over 100 companies in the S&P, and 13 in the DOW releasing earnings. We'll see the latest figures from Tesla, Apple, Microsoft, Caterpillar, and 3M to name a few. According to John Butters at FactSet, "In aggregate, companies are reporting earnings that are 22.4% above estimates,...