MBO Issue 93 (Sep 2019) Trump and Chaos

By Lawrence


  • Review
  • Euro Parabolic Sell
  • S&P Bearish No Matter What
  • Gold Reached First Target Zone on Weekly
  • Big Picture Summary


Euro fell through the crack as expected. Down channel still in force.

S&P sell off from 2940 multiple times magically. It worked twice in a row with more than 100 points profit. The third time no longer able to send S&P lower thanks to Trump coming up with a last minute deal to hold trade talk in October.

Gold pushed higher as expected.

In short, although we got a wild ride in the stock market, August was still a predictable month.

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  • hossnabaii September 9, 2019 at 6:15 pm

    Hi LC, what do you think about buying the S&P index option vs the ES option?

  • Lawrence September 14, 2019 at 12:01 pm

    The difference is small now as there are quite a number of SP500 ETFs allowing the complete spectrum of option strategies to be executed in combination with SPX options.

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