Market Analysis for the Week of 7/19
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In this past week’s plan I outlined some of the downside risks in spite of an apparent strong close to the week of 7/5. I used the strong close to raise some cash and added some timely hedges on Wednesday (as I had indicated in the weekly plan) just after open which happened to be high of week.
We now find ourselves in an interesting situation with NQ at its range low while ES sits nowhere near its. We have seen absolute record dispersion, and I actually see some interesting dynamics which may be unique at least in the last few years coming out of OPEX.
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