I don't usually post charts of global indices in here ... but I do feel this one in particular is worthy of a post in here ... but has anyone checked out the FTSE 100 index lately? Only 3 down days in 27. Wow!
Here's another crazy one for you guys... One month is 21 trading days. Did you guys know that the DJIA has been trading in just a 1.07% trading range (using the closing prices) which since 1900 is its narrowest low to high closing range in a 1-month period EVER!
Jim Cramer On JPMorgan: Best Quarter Ever http://m.benzinga.com/article/8904669?utm_referrer=https://www.google.com/ Is it really the best quarter ever for JPM?
Closed my position here at 2268.25. Would be a nice little scalp but, I just made back what I lost from last night. I may have come out with a small gain.
I'm not sure what Cramer is using as a basis, but I just did a check of the last couple years ERs. Looks like it's their highest EPS, but not their highest revenues. So not a blow-away best ever...but if it is, we know there's only one way to go once you've hit best ever and not growing. Right now any growth looks marginal.
Thanks for taking a look Seems like it is their best 4th quarter ever but most likely not the best quarter ever
I just posted this to the 2017 stock market holiday thread, but for those of you who don't venture outside of these weekly threads much I'll post it in here too ... but a quick reminder to all in here that the cash markets will be closed on Monday, January 16th in observance of Martin Luther King, Jr. Day. Here is the CME holiday schedule for those wanting to know the Globex futures hours for Sunday night thru Monday. (I'll have this re-posted to the new weekly thread later this evening)
What's the best way to get long volitility for the next 30 days? Sell futures in the /ES? Buy /VX futures? Anyone?
I wouldn't say this is the best way, but hypothetically I think you could buy a long and a short option in SPY; you may not be at all interested in this. Think about Brexit, and the election: there were big/quick moves in both directions. This happens with gold around FOMC meetings often. So hypothetically, close the one that makes money first, then I guess logically you would double-down on the other one after the initial move. Is this the kind of volatility you're talking about, the chop variety? Big moves, but ultimately don't change much? Or are you thinking all-out fear volatility?
If you're going to "get long volatility" by buying VIX futures you have to get your timing just right. VIX futures are unique from typical commodity or index futures in that VIX futures can decay. The value of the VIX futures contract can erode because the value is based on the value of put-options in the S&P. So unless your timing is really good you would probably lose money, but if you get it right you can make a ton.
Soros can't be too happy these days https://www.yahoo.com/finance/news/soros-says-uncertainty-over-trump-203933109.html
