Market Musing 6-12-2018, Low Volatility Trading, Rate Hike, /ES Contract Rollover,
Topics for Indianapolis Trading Group:
Bob Shenberger - Markets Trends
Ken Yamasaki - BPI and RSI
George Crawford - Market Musing
1. Low Volatility: VIX < 13
US Markets are hitting new highs on RUT and QQQ. SPX is climbing the wall of worry higher. The Volatility events for the week are FOMC Rate Hike on Wednesday and /ES Futures Contract rollover. And of course the Trump effect. Using 2800 as potential upside resistance this week. Enjoy the ride and tighten your stops, take profits and redo your hedges.
2. E-currencies vs US Dollar:
Bitcoin is range bound between $6000-$10,000. This is a trader’s environment, where you can buy or sell a small positions and take profits quickly. Are you mining cryptos in private wallets yet? US Dollar hit it’s upside target of $95 and dropped to $93.
https://www.coinbase.com/charts?locale=en-US
3. FOMC Rate Hike:
The US Markets are anticipating a Rate Hike on 6/13/2018. Probabilities are currently at 96.3% for a Quarterpoint rate hike. Industries sensitive to Rates like Real Estate and Utilities could drop.
http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
4. Cherry Picks Newsletters:
Tasty Trade Researchers publish an awesome weekly newsletter every Tuesday. Check out the link below. If this blog sounds like gibberish, watch "Where do I start 101" free education series on Tastytrade.com
https://s3.amazonaws.com/cherry-picks-s3-bucket-newsletter/live/18_06_12_tastytrade_Research.pdf?mc_cid=4d0213cd34&mc_eid=e9e24bad07
5. Trump Trades:
Tariff / Trade Wars. My play is play Jade Lizards as ongoing negotiations spill into the tweet sphere.
Nuclear Singapore Summit between Kim and Trump. My play is Jade Lizard Summit Tweets.
6. TRADE Log: VIX < 13, Low Volatility
- Long GOLD, BITCOIN
- Broken Wing Butterfly, Dynamic Iron Condors
- Calendars, Diagonals and Debit Spreads
- Long Volatility in VIX
- Antipin in TSLA, BIDU, GS..
7. Videos:
Theotrade: What to Do While Waiting for the FOMC?