TradingEdge

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VIX positioning. Credit default swaps are now rising. There is increased uncertainty in the economic picture which is showing in bearish pressure in market. Look too at SPY, QQQ positioning. Shows all are under pressure, particularly tech which shows less Call delta ITM (until 440). be Cautious	75
Selling puts at open ended up being a good strategy to make most of this intraday market recovery. Stocks will likely remain under pressure into August OPEX though.	74
VIX decline is leading to more liquidity and fuelling the market recovery. As mentioned, VIX and credit default swaps were giving opposite signals, and now we seeing VIX come back into balance with the level of panic the credit markets are showing. Positioning still showing pressure but... (IN POST)	74
Invesrse IWM vs credit spreads, as mapped on Tradingview. We see tight correlation. As credit spreads tighten, IWM does well. As they widen, IWM falls down. Real time credit spread data (pic 2) shows credit spreads tightening after BOJ comments. This should help IWM, barring more recessionary data	73
A reminder that Buffett was long Japanese banks. Japan's banks absolutely tanked today. buffett is one of the best of all time, but he is not 100%. Hence his AAPL sale shouldnt be taken as gospel, and reassurance should be taken that even the best didnt see the current sell off.	73
NVDA positioning: now that we are aebove 100, the call delta at 100 will act as a strong suppoirt. We have seen that traders have sold puts below 100, and bought calls on 110 and 115. Positioning has improved, but overall still slightly bearish. Skew also slightly bearish.	73
Markets pricing in 60% chance of emergency rate cut this week. Also pricing in a 96% chance of a 50 basis point cut at the upcoming September Fed meeting and expects a total of 125 basis points in cuts by the end of 2024. Traders want Fed to try to save the day.	72
VIX back at covid levels should tell you that soon we will see a major buy opportunity. We just have to look for timing and wait to see VIX start to decline, and skew start to improve to signal traders are looking to buy the dip.	72
Despite suggestions that Harris has been catching up on popular vote, Harris is still electoral college underdog, as per Nate Silver, who is a v accurate mainstream election forecaster. A Trump administration is bullish for BTC and small caps. Not so for China. let's see.	72
MMs keep NVDA above 90, bouncing form 90.6 as expected. (For now) 100 is proving the resistance, as expected.	71

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