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...
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...
4 Comments
Pat Walker
April 24, 2017Fantastic 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, 2017239 call Friday is even money, prob of touching is 10X, for 15 dollars you might get 120 worth a shot.
Doug
April 25, 2017theres like 300000 spx ops out of the money!
Doug
April 25, 2017could hit 242 with a one diveation