French Election Crushes Volatility


Today's rally mostly happened last night when the Futures markets opened. The major index Futures gapped up and then stayed in a tight range throughout the trading session. The biggest surprise was the volatility crush caused by the French election. The market breathed a sigh of relief as only one of the two anti-EU candidates made it into the final round. Now who can help but wonder how short the relief will last. This week there will be a major tax plan unveiled and GOOGL earnings announced. Then the latest battle between globalists and nationalists will play out in the final round of the French election in 2 weeks...

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4 Comments

  • Pat Walker

    April 24, 2017

    Fantastic Video Don and many excellent comparisons in relation to the market activity and the French election -- and to the many surprising Market Moves along with the Crash in Volatility - Bonds - VIX & VVIX - Financials... Looks like you made a Great call on SPX at 2395 on the Short side... Thanks Very Much...

  • Doug

    April 25, 2017

    239 call Friday is even money, prob of touching is 10X, for 15 dollars you might get 120 worth a shot.

  • Doug

    April 25, 2017

    theres like 300000 spx ops out of the money!

  • Doug

    April 25, 2017

    could hit 242 with a one diveation