Macro Theme: Key dates ahead: 8/12: CPI 8/15: OPEX 8/20: VIX EXP 8/23: J-HOLE 8/27: NVDA ER 7/30: We recommend ~8/11-8/15 exp 6,500 calls as an upside play out of FOMC, GDP, NFP and Mag 7 earnings. This is because they are trading at a 9-10% IV, and we think a vol...
Macro Theme: Key dates ahead: 9/27 Core PCE 8:30AM 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: 5,750 &...
Macro Theme: Short Term SPX Resistance: 5,320 (SPY 530) Short Term SPX Support: 5,265 SPX Risk Pivot Level: 5,265 Major SPX Range High/Resistance: 5,320 (SPY 530) Major SPX Range Low/Support: 5,000 For the week of 5/13 we see several catalysts, which should...
Macro Theme: Short Term SPX Resistance: 4,900 Short Term SPX Support: 4,850 SPX Risk Pivot Level: 4,800 Major SPX Range High/Resistance: 5,000 Call Wall Major SPX Range Low/Support: 4,800 ‣ We look for a sharp directional move post-FOMC & into 2/16...
Macro Theme: Short Term Resistance: 4,400 Short Term Support: 4,240 Risk Pivot Level: 4,325 Major Range High/Resistance: 4,400 Major Range Low/Support: 4,200 ‣ We target a market move <4,300 by 9/29, and would be stopped out on this view with a close...
