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Morning notes 19-05-2021


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Back at it again folks. Another day plus 2 hours of sleep :-). Life is good. Sometimes she gives you not what you want but exactly what you need.  Having slept a full two hours last night, I feel like I am ready to take on the cosmos aliens and any superpower being in macro land. Until 10am when my mood crashes and the tiredness takes over of course :-). Not to worry thats not why you are here. Lets get on with the show.

Todays dashboard update in the Energy  space ( XLE)  is showing some interesting outputs.

1310786898_Screenshot2021-05-19at09_20_53.png.8f58c2b090795a65dd12ca1a3f7cfa24.png

Strong performance over the last three months. With a down day on volume yesterday vs the three month average, but up vs the one month average.

784955329_Screenshot2021-05-19at09_21_01.png.12e96aee3c935813190a34a46b593ee1.png

 

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Also sitting at the top end of the range. You know what to do…. Book some gains if not already booked. Plus, the spread between Implied vol and realised vol over a 30day period in percentage terms with respect to the last 3 days is now yuuuge @ 12.33% with respect to where it was 30 days ago it was 9.70% … that 30% differential should not be ignored. people are complacent and do not see the need for protection. So please if you have any energy exposure now would be a good time to book some gains.

 

974485939_Screenshot2021-05-19at09_29_05.png.2425d22854a7c1cc3142648ea834d573.png

 

BTC is still s&^%$^g the bed down another 7.28% this morning. C’mon HODLERS don't let GOLD eat your lunch! Speaking of Gold, its starting to look attractive again up over 5% in the last three months  as real rates have backed off a bit. Now is the time to start looking into the miners and precious metal space for good opportunities. If policy makers intend to financially repress their way to economic prosperity, then allocating some capital to the precious metal space is not a bad idea.

Thats it from me for now look out for updates as the day goes on. Good luck boys and gals.

follow me on twitter for more https://twitter.com/Retailintel

 

CA

 

 

Edited by Rintel
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