The Week Ahead
Volume 72 - Q4
There's no such thing as simple. Simple is hard.
-- Martin Scorsese
A good evening to you all. I hope everyone watched some of the Ryder Cup this weekend; a great win for Europe.
It was a hell of a week for myself and paid subscribers. Still holding ES short from 4511.25, opened a put fly on Gold mid-week, which is working well. We also hold the October CL 95C rolled from a 92c… SPX Nov 4300/4200 put spread still holding (costs have been covered - cut in 1/2 for a 100% gain). My net exposure is very low, naturally… and while Q3 was a green quarter, most of the performance came from FX.
At this moment in time, markets are still at a crucial crossroads, which I will do my best to navigate in this post - as I always do. Quite a lot to talk about, so we must begin.
The Usual Charts
I will start this post with FX followed by Single Stock, Vol & Index and then Fixed Income.
FX - Quite a few ideas…
This week made it 11 consecutive weeks for the greenback… It doesn’t take a genius to realise that the dollar is overstretched. However…