Analysis across equities, crypto, forex, options and macro, written to complement the live data in the terminal.
Definitions for terms that come up across every other topic on this blog: gamma exposure, max pain, the Fear & Greed Index, nonfarm payrolls. If a post uses a term you don't recognize, it's probably explained here.
70% of S&P 500 stocks sit above their 200-day moving average, a bullish reading on the surface. Only 54% remain above their 50-day, down sharply from 70% two weeks ago. Here is what market breadth actually measures and why one number alone can mislead.
Read article →The 30-year Treasury yield just hit its highest level since 2007. The curve is steepening, but not the way steepening usually works. Here is what a yield curve actually shows and why this one is a warning, not good news.
Read article →Cumulative volume delta tracks the running difference between aggressive buying and selling. Here is how it is calculated, why divergence is a filter and not a trigger, and what Bitcoin's own CVD is showing right now.
Read article →Options flow is a live stream of executed trades, not a signal by itself. Learn which side paid up, why size alone means nothing, and how to read a print.
Read article →GBP net short just hit a record. The CFTC publishes three different COT reports, and most traders read the wrong one. Here is which version matters for forex and what a record positioning extreme actually signals.
Read article →Unusual options activity gets sold as a smart money tracker. Here is what actually counts as unusual, why sweeps beat blocks, and why the busiest days for options flow are often the least reliable ones to read.
Read article →Max pain is the strike where option writers lose least at expiry. How it is calculated, why it sometimes predicts price, and when it fails.
Read article →NFP prints July 2 at 8:30AM ET. May came in at 172K vs 85K consensus. What NFP measures, why it moves markets, and how traders use it.
Read article →The Fear and Greed Index sits at 37 after Warsh's hawkish dot plot. Here is how the equities and crypto versions work and how traders actually use them.
Read article →20+ live channels across equities, crypto, forex, options and macro. Free for 14 days.