MARKETS ARE QUIET CUZ NOBODY HAS A CLUE

 

“Motivation … markets could use some!”

What with the POLS in Britain on the sidelines until Easter is over, and next 

week sees Japan on Holiday for the week for “Golden Week”, it’s pretty much 

a complete snoozefest for the foreseeable future. “We need some volatility 

… we ain’t gettin’ any volatility … and in that kind of environment, the call 

spreads premiums will eat you up if you decide to trade them”.

Premiums at the open last night were moderately over priced, no surprise 
here, as they often are, but with zero volatility, it’s a one way ticket to 
premium evaporation in price as the minutes and hours tick by … what you 
might gain on one side, you lose more on the other … and back & forth it 
goes, with the turns in price causing the worst price erosion in the call 
spreads. You just can’t win without some kind of volatility.

WTI crude oil for its part, dead in the water just drifting along. Nothing to 

see here until the 20 Day Range MA starts to recover, and so far we haven’t 

seen that at all … for the last 3 weeks, stuck at $1.22 per barrel … just as a 

reminder, it was at the first week in January when it peaked at $2.60 per 

barrel … that’s a greater than 50% loss of volatility in only 12 weeks 

… amazing to watch the manipulators take away the punch bowl isn’t it?

So, what are you supposed to do here? … I feel like the 2 Bobs in 
“Office Space”, asking the question to employees to keep their jobs … and 
I’m putting the question to the markets, but they don’t seem to care. In the 
meantime, nobody really has a clue what’s going on or where we go next 
… nobody.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!
 

-vegas

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