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Strategies & Market Trends : John Pitera's Market Laboratory

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kimberley
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To: kimberley who wrote (21502)10/24/2018 7:38:06 AM
From: John Pitera3 Recommendations  Read Replies (1) of 33421
 
I'm Still in Chicago and have had an extremely productive week.... I was put out straight long put positions on
with BJP's equity / options account and luckily on Weds. the 17th of Oct I put on really cheap Lottery tickets
by buying puts a few here a few there on a rainbow of ETF's, the QQQ, around 10 global equity markets,
as well as bought the at the money calls on the currency ETF's.... in each case..... my view was for a stronger
USD..

It's real been that easy..... we have know for weeks that the USD would on balance appreciate.......

and that US equities were seeing multiples contract as US 10 and 30 year yields have moved higher....

and then you play the global yield curves.
it's basically that simple.

John

PS... I have my vindication as Sam Stoval Jr.. who's dad started at Kuhn Loeb in 1953...... and Sam was on
CNBC Squawk about 20 minutes ago and he agrees with my logic that we are going back to take a look at
the FEB 09 2018 LOW....at spx 2500- 2575
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