The votes are in and all eyes are on unemployment claims today and NFP tomorrow. The S&P, NazQuack and both uncles are pushing off their lows, crude jumped straight out the window to the range lows, and Bitcoin is back at range highs. Here’s where I see the next pause point on the S&P, and the Double Dip setups I’m working right now.
...The midterms are decided and the market did what it always does, sold the uncertainty and bought the certainty. The S&P is back inside its range, my VIX trade is deflating, crude still looks heavy for $89, Bitcoin turns off the range lows, and the Double Dip flags a fresh shallow dip on XBI, the biotech.
...Americans vote tonight and the cash market shuts first. SPX and the NazQuack are at support, ready to break or turn, and for a change I’m thinking knee jerk then bullish. Plus crude through $100 and Bitcoin back at range lows.
...I took a VIX trade live on Friday with the S&P at support and no major catalyst. The weekend stayed quiet and the trade is playing out nicely. Plus the Almanac’s November edge, SPX back into the range, crude’s double top inside a double top and the Double Dip.
...More earnings carnage overnight and the S&P is back at the range lows it has held for months. Will this be the one that breaks them? Plus 2 risk free Double Dip butterflies, crude dings $104.50 and Bitcoin falls out of bed.
...The Fed went sput sput fizz, GOOG dropped 11.5% after hours, and the indexes carried on behaving. The Double Dip strategy banks its first official win on SPY with $165 locked in as a minimum profit floor.
...