“So says the markets to volatility!”
Do my eyes deceive me? … “as bad as volatility has become in almost all
markets, there is a slight uptick in this weeks 20 Day Range MA’s for FX
… albeit, it’s small, but it’s better than lower, lower, and then lower some more,
that we’ve seen non-stop for the last 10 weeks or so” … a little ray of light at
the end of the proverbial tunnel, but not much … I doubt it sees call spread
premiums being low enough to take some positions, but we’ll see. Directly
below, the 20m Day Range MA’s.
click on any chart to enlarge
Of note, stock indices continue to get beaten lower, as well as crude oil
… today, the SP500 has a 20 Day Range MA, that is approximately 60% of
what 2018 was for the whole year, and its value has gone down from 73.8
index points on New Years week, to currently at 25.1 … that’s over a 60%
LOSS in terms of index points on a 20 day moving average … “and if you
somehow believe this is a coincidence and has nothing to do with FED
manipulation, I got some beachfront property in Kansas you will love”!
WTI Crude Oil, for its part, has lost $1 per barrel since the start of the year
… and it very much feels to me, like oil has no idea where it wants to go from
here … one day psychotic up, the next day psychotic down … all coming of
course in seconds and/or minutes that blow the shit out of the order books,
leaving oil traders sitting looking at their screens wondering, “WTF was
that”?! And NADEX not helping things with their idiotic call spread floors
& ceilings being 10 miles apart … “when you need oil to go 70 cents in your
profit direction just to break even, whether you realize it or not, you got a real
problem on your hands with melting premiums” … add to that margins to
said floors & ceilings, and it makes it hard for smaller accounts to trade this
thing, especially when it can move $$$ in very short order.
I don’t think this upcoming week will see positions in FX, simply cuz the
market makers will not price premiums for our profit benefit … it would be
great if I’m wrong, but what really needs to happen is that volatility has to
return to some kind of “normal”, instead of constantly moving sideways to
lower … this week sees a slight uptick … let’s hope it continues. More likely,
I’ll be looking at oil every day, although if gold presents something I could
move there as well … onto the week … until tomorrow mi amigos
… Onward & Upward!!
Have a great rest of your weekend everybody!
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX,
& STOCK INDICES! … “what on earth are you waiting for”?
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