If you missed the article of the week from last week you can read it here.
I’m back at the desk this week but getting other things taken care of so not planning to trade much past the European close. I had dinner with a buddy of mine Thursday night, and we discussed market structure and one of the things I mentioned to him was watching order flow from 11-11:30 and today you saw (as always) a move on a lot of names in that window. Years ago, I would tell futures traders to watch trading windows as well but like many in this business it fell on deaf ears. The move on the indices into that last half hour today was a trap to run higher and one of the notes in the Monday am DeltaOne call was that Nasdaq has a lot of room to run provided we clear and hold $480. We have PMI on Wednesday this week which matters for index flow and some names in the report that are being tracked.
I am going to be making some changes for this site/daily market briefs come August so I’ll keep you guys posted but it’s for the better and a better use of my time because I’m more focused on the firm and want to be going forward.
Keep reading with a 7-day free trial
Subscribe to The LongVol Report to keep reading this post and get 7 days of free access to the full post archives.