[fstp, logo, header] April 17, 2024 [ag views, logo, header] I thought an 18 VIX market was supposed to move? Ok so inflation is not going away. Joe is going Donald and putting steel tariffs on. It was not useful then and I don’t think it is useful now. Jpow gave us the no rate drop summer and tensions in the Middle East have not real cooled so much as are less hot. Like from boiling to the Sinai Desert hot. Any VIX at 18 should give me a 1 ⅛% move in SPX per day. We are only down .37%. That is keeping my UVXY entry from kicking in. But worse, for the first time in a while it seems VIX is outpacing SPX moves. [ded] The market is waiting for a shoe to drop because we are off 200 points or a little over 3% from highs and the sellers in SPX do not have conviction. The market is in an odd place to be and it likely orbits at these levels for the rest of the week. Only great earnings will start to break this cycle and we will not get those until the end of the month. If you like today and Monday and Tuesday, I bet we will see it again Thursday. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] Is History Repeating Itself? Hey Traders In Today’s Video, We’ll Cover - What’s pulling the market down
- Where I see the “bottom”
- Are other semiconductor stocks going to guide poorly?
- VIX at 20 [yt]( [Click here to watch the video!]( - Mark  [fpri] Yellen Threatens China with New Sanctions Hey Income Hunters, I had to go with Yellen Part 2 this week because now she is really playing with fire … Possibly, the most alarming article of April was this Bloomberg piece … [Yellen Threatens China Sanctions on Companies that Aid Russia War]( “Any banks that facilitate significant transactions that channel military or dual-use goods to Russia’s defense industrial base expose themselves to the risk of US sanctions,” she said. Could the US possibly make the same mistake twice? I initially wrote about what a mistake Bidens sanctions were on Russia, but sanctions on China may be far more punishing to the US … [Click through to see why …Â]( - Bill  --------------------------------------------------------------- Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  Stonk - Market slang for “stock,” popularized by a surge in pandemic retail traders in 2020. [ftsp] All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now they’re collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk.
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