Here’s how to measure intraday risk
Entries in the CL and NQ today presented two views on risk when considering time to the market close as well as the volatility — or lack of — we will see on and off throughout the remainder of the year.
Entries in the CL and NQ today presented two views on risk when considering time to the market close as well as the volatility — or lack of — we will see on and off throughout the remainder of the year.
Daytrading and longer-term daily setups have more in common that not, and we’re going to stick with the long side.
In this video, we look at the crazy swings we have had over the last several weeks and try to makes sense of where we are and where we may be going into the end of the year.
These next two weeks with holiday effected trading will be exactly the type of environment where I will focus on being nimble.
Winding down 2020, the reflation trade is in full swing — as I discussed in my Notes back in October — and there are plenty of trends to add to our radar.
I have a pullback on a 15 minute chart, since we are some distance from the original setup on the daily. We have triggered for a swing trade also.
In today’s free video, I give my outlook on the rest of 2020 and discuss underlyings with good foundation but have seen a pushback. I also share my thoughts on gold.
The question is, do we get a Santa Claus rally into the new year? Well, I think so, but I also run through one of my favorite things to look at, which is how the PCALL and SKEW correlate to the markets. Specifically, now is not a bad time to have a hedge on, just in case “the pullback” happens sooner than later. Be like water: don’t call the top, and go with the flow.