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Morning Video Brief And Gameplan
Bonds not looking too healthy premarket
QQQ some decent supply overhead.
More or less, I think we chop around from here as NFP is tomorrow and that's where we will get follow through. If vol perks up, I think the trade is to do some VXX spreads depending on how juicy they are. I expect volatility to creep up into CPI regardless, and then the idea is to fade it.
This XBI setup is pretty good, but also struggling to get above this week's high here.
I think the gist is, don't get in over your head today chasing momentum -- especially as the bonds start to creep lower. Let's see how trades play out.
See you in chat.