To The Moon

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In May we profiled a VIX player with a very aggressive trading style. He hedged his bets by selling low strike options and buying high strike options, betting that a big crash could happen this year (VIX>90). Someone made a similar move on Thursday, trading the exact same strategy before the June non-farm release, but with a less aggressive strike price:sell $VIX 20231018 27.0 CALL$buy $VIX 20231018 45.0 CALL$The trader bought 83,000 calls with an October 18 expiration date with a strike price of 45 for a total turnover of 4.49 million and sold 27,000 cal

The Nikkei 225 is a worthwhile investment After decades of slow growth, Japan’s Nikkei 225 $NIKKEI 225 ETF(XDJP.UK)$ is increasing quite fast. It’s almost back to it’s pre-asset price bubble in 1989 at 33,772.89 yen compared to 38,915 yen at 1989. The Nikkei 225 has increased 5,743.73 yen in 6 months, a rare record set after 1989. The Nikkei 225 seems promising, and could lead to the highest price set ever by the Nikkei 225. The Beginning to the Price Bubble Before we go into the recent rise of the Nikkei 225, let’s see it’s rise before it collapsed on 1989 due to the asset price bubble. It starts off from around 100 and has steady growth, going to 1000 yen in 1960 From 1960, it frequently goes up and down, crossing the 1,500 yen mark several t

The US market rally pulled back in a holiday-shortened week. US Market Performance, Last Week: DJIA fell -2%, falling below its 21-day moving average (ma). S&P 500 fell -1.2% to just below its 10-day ma. Nasdaq fell -0.9% and holding its 10-day ma. Advancing issues outnumbered decliners on the NYSE by a 2.49-to-1 ratio; on Nasdaq, a 2.00-to-1 ratio favored advancers Importance of the 10-day & 20-day ma: 10 day ma: a powerful tool to know if prices are moving in an uptrend or a downtrend. 20 day ma: provides many more reversal signals than a 100-day moving average. The US Non-Farm Payroll (NFP) data was the main catalyst that affected the US market on Friday (see below). Nonfarm Payroll measures change in the number of people employed during the previous month, excluding the farming

Following a stellar start to 2023, the S&P 500 index has now recorded close to a 15% gain year-to-date. However, most of the rally has been concentrated in Large Cap US Tech stocks. The S&P 500 Ex-Information Technology Index is up less than 2% YTD, heavily underperforming the S&P. This underperformance can be attributed to the rise of Generative AI, with companies such as Nvidia, Meta and Tesla contributing to a significant portion of the gains in tech. Best-Performing Stocks of Q1 2023 | Morningstar Macroeconomic Update The US economy is showing no signs of recession despite echoes from the Fed maintaining its hawkish stance. The labour market remains extremely tight with the unemployment rate at 3.6% as of Jun 2023. Following this week’s mixed job data, traders will be looki