“Winning is habit. Unfortunately, so is losing.” Vince Lombardi
As we outlined and discussed in our latest Outlook Video focus remains of how equities are trading post these ‘great’ earnings releases. The tape has changed and what we are seeing is the market unable to really capitalize on these gaps higher and this is the most important dynamic/development we should be keeping an eye on. Not only is this key for the bigger picture view and swings but also for intraday trading opportunities. Luckily, the trading Gods have decided to give us a lot of two-sided action and a great trading environment for 2018, may it continue like this for the whole year…
Focus for today will be on Super Mario and the Euro, followed by what the action in FB and AMZN will bring. Remember that we are trading a key inflections points across the board with markets really positioned in an extreme fashion: short bonds, short dollar, short vol, long oil, long equities.
Buckle Up, should be a very interesting day and end of the week… will post some key charts on the Twitter feed.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.