August 10th-14th
Futures and COT - New highs. CTAs momentum trading algos kicking in rocketing price with the help of dealer hedging and retail buying. AMs still not buying as per COT review by Gemini. Still no long-term solid foundation to the market.
DOM/HEATMAPS - Checking the DOM and Infrared heat maps all throughout the week; we were seeing 1000 contracts icebergs and 600-900 buy limits and occasional 600+ sell contracts. Without a backbone we might see it fall through if we don't find new bids. Last year too we can see the market make new highs, fall 5%, make new highs and fall 19%. This isn't exactly how anything plays out; just something to be aware.
Until then trend is your friend, don't let them catch you with your pants down.
OPTIONS - Start of the August OPEX cycle. Aug 10th-Aug 21st is the full OPEX span. Aug 17th being start of max pain.
NEWS - Wednesday and Thursday are the two biggest days for news. RATE hike odds are up to 44%. That's usually a market correction.
((NOT FINANCIAL ADVICE))
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EarningsWatcher (@earnings_watch) on X
Earnings Calendar By Implied Move - Aug 10th $PLUG $ASTS $HIMS $RKLB $RUM $ALC $SPG $CRWV $SMCI $LITE $CAVA $SE $TME $ONON $CAH $FNV $NBIS $JACK $COHR $CAE $GLBE $EAT $TRMB $CSCO $PAAS $LUNR $BIRK $YETI $STNE $AMAT $TPR $JD $RLX What is implied and why does it matter ? Read
