Macro Theme:   Key dates ahead: 10/4 NFP 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,700, 5,675, 5,650, 5,600 Resistance: 5,720, 5,750 5,765, 5,800 As of 10/2/24: Long with close >5,720 We position flat equities <5,700...

Macro Theme:   Key dates ahead: 10/3 Jobless claims, PMI 10/4 NFP 10/9 FOMC Mins 10/10 CPI 10/18 OPEX Key SG levels for the SPX are: Support: 5,675, 5,650, 5,600 Resistance: 5,700, 5,720, 5,750 As of 10/2/24: Long with close >5,720 We position flat equities...

Macro Theme:   Key dates ahead: 9/30 Quarter End OPEX Key SG levels for the SPX are: Support: 5,700 Resistance: 5,750, 5,800 As of 9/30/24: We remain long >5,700 We position flat equities <5,700 Risk-off on a break <5,650 QQQ: Support: 487, 485, 480...

Macro Theme:     Key dates ahead: 9/30 Quarter End OPEX Key SG levels for the SPX are: Support: 5,700 Resistance: 5,750, 5,800 As of 9/30/24: We remain long >5,700 We position flat equities <5,700 Risk-off on a break <5,650 QQQ: Support: 487, 485,...

Macro Theme:     Key dates ahead: 9/26 GDP 8:30AM ET & Powell Speaking 9:20AM ET 9/30 Quarter End OPEX TLDR: We continue to maintain long positions >5,700, and would flip to neutral if the SPX goes <5,700. We expect more chop today, with eyes...

Macro Theme:   Key dates ahead: 9/26 GDP & Powell Speaking 9/30 Quarter End OPEX TLDR: We continue to maintain long positions >5,700, and would flip to neutral if the SPX goes <5,700. We expect more chop today, with eyes remaining on time & price:...

Macro Theme:   Key dates ahead: 9/26 GDP & Powell Speaking 9/30 Quarter End OPEX We're looking for OPEX-related price consolidation as call-heavy positions adjust, which could extend into Monday. <5,700 we flip from net long to neutral. <5,650 we flip...

Macro Theme:   Key dates ahead: 9/26 GDP 9/30 Quarter End OPEX We're looking for OPEX-related price consolidation as call-heavy positions adjust, which could extend into Monday. <5,700 we flip from net long to neutral. <5,650 we flip from neutral to net...

Macro Theme:     Key dates ahead: 9/20 Huge Quarterly OPEX Following FOMC, we see equities in a negative gamma stance, which implies upside volatility may remain. SPX 5,750 & IWM 230 are the major upside levels into 9/20 OPEX. Into Friday/Monday OPEX may...

Macro Theme:   Key dates ahead: 9/20 Huge Quarterly OPEX Following FOMC, we see equities in a negative gamma stance, which implies upside volatility may remain. SPX 5,750 & IWM 230 are the major upside levels into 9/20 OPEX. Into Friday/Monday OPEX may offer...

Macro Theme:   Key dates ahead: 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX 9/18 - 9/20 is a major inflection point for equities, due to VIX Exp & FOMC (9/18), followed by Triple-Witching-OPEX. Key SG levels for the SPX are: Support: 5,620, 5,600, 5,500...

Macro Theme:   Key dates ahead: 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX 9/18 - 9/20 is a major inflection point for equities, due to VIX Exp & FOMC (9/18), followed by Triple-Witching-OPEX. Key SG levels for the SPX are: Support: 5,620, 5,600 Resistance:...