{"id":175344,"date":"2024-05-08T09:54:47","date_gmt":"2024-05-08T06:54:53","guid":{"rendered":"https:\/\/kupitiblog.store\/576r\/bulls-keep-the-momentum-going-is-the-pullback-officially-over\/"},"modified":"2024-05-08T09:54:47","modified_gmt":"2024-05-08T06:54:53","slug":"bulls-keep-the-momentum-going-is-the-pullback-officially-over","status":"publish","type":"post","link":"https:\/\/kupitiblog.store\/576r\/bulls-keep-the-momentum-going-is-the-pullback-officially-over\/","title":{"rendered":"Bulls Keep the Momentum Going: Is the Pullback Officially Over?"},"content":{"rendered":"<p>This is probably going to be a dull week in terms of newsflow. Yesterday, we had Barkin and Williams from the Fed talking, and Barkin was more Hawkish on the rate outlook than Williams, although Williams wasn\u2019t as dovish as he has been in the past. Today will be Kashkari\u2019s, and he has undoubtedly been on the more hawkish side of things, so I expect that again today.<\/p>\n<p>The <span class=\"aqPopupWrapper js-hover-me-wrapper\">2-year rate<\/span> rose yesterday by almost two bps and back to 4.84%. For now, the 2-year remains in an uptrend despite last week\u2019s declines. That has not changed, even though the bull flag failed.<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/3fa26590891b89e0a0bf7c50c066cd8c.png\"  \/><\/p>\n<p>The <span class=\"aqPopupWrapper js-hover-me-wrapper\">dollar<\/span> started the day lower but finished higher, holding above the 105 support level.<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/e88ce65cbe89abccd2796610c82f42fc.png\"  \/><\/p>\n<p>Oddly, the VVIX, which measures vol of <span class=\"aqPopupWrapper js-hover-me-wrapper\">VIX<\/span>, closed yesterday at 73.46, its lowest close since May 2015. I guess buying puts right now is pretty cheap. But then again, why do you need options that expire in 30 days when you have <span class=\"aqPopupWrapper js-hover-me-wrapper\">S&amp;P 500<\/span> options that expire every day? Why pay for the time you do not need?<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/19d6353997f595bce0915689e5c755df.png\"  \/><\/p>\n<p>The S&amp;P 500 looks content to fill the gap left behind at 5,200.<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/57dea065b9cda793fd857e255e4e5cc1.png\"  \/><\/p>\n<p>Despite the S&amp;P 500 rising and VVIX hitting its lowest point in a year, the one-month implied correlation and <span class=\"aqPopupWrapper js-hover-me-wrapper\">VIX index<\/span> finished higher and flat, respectively. This is kind of odd. One would think with the S&amp;P 500 up about 1% on the day, the VIX and 1-month implied would have been down.<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/68e529b8c73fdd05f13d3dd187568a00.png\"  \/><\/p>\n<p>NVIDIA (NASDAQ:<span class=\"aqPopupWrapper js-hover-me-wrapper\">NVDA<\/span>) still has a lot of gammas to overcome over the next couple of days if it is to make it to $950. It would not be easy.<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/38ff8d183dc4553c80c7e7caacafe846.png\"  \/><\/p>\n<p> 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure <u>here<\/u> or <b> remove ads <\/b>.<\/p>\n<p>It will be particularly difficult if IV starts moving back up to 65% as well because that tends to be the upper limit for the stock price. Options probably just become too expensive for traders to profit from once the IV hits 65%.<img decoding=\"async\" src=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/d78d44117c7adc5d3627aee7cdba2a2c.png\"  \/><\/p>\n<\/p>\n<p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"http:\/\/www.investing.com\/analysis\/bulls-keep-the-momentum-going-is-the-pullback-officially-over-200648197\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is probably going to be a dull week in terms of newsflow. Yesterday, we had Barkin and Williams from the Fed talking, and Barkin was more Hawkish on the rate outlook than Williams, although Williams wasn\u2019t as dovish as he has been in the past. Today will be Kashkari\u2019s, and he has undoubtedly been &hellip;<\/p>\n","protected":false},"author":1,"featured_media":176021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3337],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bulls Keep the Momentum Going: Is the Pullback Officially Over? - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bulls Keep the Momentum Going: Is the Pullback Officially Over? - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"og:description\" content=\"This is probably going to be a dull week in terms of newsflow. Yesterday, we had Barkin and Williams from the Fed talking, and Barkin was more Hawkish on the rate outlook than Williams, although Williams wasn\u2019t as dovish as he has been in the past. Today will be Kashkari\u2019s, and he has undoubtedly been &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kupitiblog.store\/576r\/bulls-keep-the-momentum-going-is-the-pullback-officially-over\/\" \/>\n<meta property=\"og:site_name\" content=\"BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T06:54:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/3fa26590891b89e0a0bf7c50c066cd8c.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 \u043c\u0438\u043d\u0443\u0442\u044b\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/#website\",\"url\":\"https:\/\/kupitiblog.store\/576r\/\",\"name\":\"BiznesSMI - \\u043a\\u043e\\u0442\\u0438\\u0440\\u043e\\u0432\\u043a\\u0438 \\u0432\\u0430\\u043b\\u044e\\u0442, \\u0430\\u043a\\u0446\\u0438\\u0438, \\u0444\\u043e\\u0440\\u0435\\u043a\\u0441, \\u0438\\u043d\\u0434\\u0435\\u043a\\u0441\\u044b, \\u0430 \\u0442\\u0430\\u043a\\u0436\\u0435 \\u0442\\u0435\\u0445\\u043d\\u0438\\u0447\\u0435\\u0441\\u043a\\u0438\\u0439 \\u0430\\u043d\\u0430\\u043b\\u0438\\u0437, \\u0433\\u0440\\u0430\\u0444\\u0438\\u043a\\u0438, \\u0444\\u0438\\u043d\\u0430\\u043d\\u0441\\u043e\\u0432\\u044b\\u0435 \\u043d\\u043e\\u0432\\u043e\\u0441\\u0442\\u0438 \\u0438 \\u0430\\u043d\\u0430\\u043b\\u0438\\u0442\\u0438\\u043a\\u0430.\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/kupitiblog.store\/576r\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/bulls-keep-the-momentum-going-is-the-pullback-officially-over\/#primaryimage\",\"inLanguage\":\"ru-RU\",\"url\":\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/3fa26590891b89e0a0bf7c50c066cd8c-1.png\",\"contentUrl\":\"https:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2024\/05\/3fa26590891b89e0a0bf7c50c066cd8c-1.png\",\"width\":1320,\"height\":708},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/bulls-keep-the-momentum-going-is-the-pullback-officially-over\/#webpage\",\"url\":\"https:\/\/kupitiblog.store\/576r\/bulls-keep-the-momentum-going-is-the-pullback-officially-over\/\",\"name\":\"Bulls Keep the Momentum Going: Is the Pullback Officially Over? 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