It's the weekly bond market edition of What the FICC?

Today we're highlighting the breakout in bonds.

Check it out!

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

From the Desk of Kimmy Sokoloff

The market opened lower and continued on that path all day.

It was a tough day, and I tried to manage risk.

The $SPX hit some support at 3,887. The next level down is 3,867.

This is the video recording of the December 15th, 2022, Weekly Town Hall w/ Willie Delwiche.

12/15/22 2:00 PM ET

These are the registration details for our Live Mid-month Conference Call for Premium Members of All Star Charts.

Our next Live Call will be held on Tuesday December 20th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Tuesday night:

From the Desk of Ian Culley @Ianculley  

"Trade what’s in front of you."

We say it all the time.  And it sounds simple enough.

But, with an immense amount of information circulating, it can be difficult to distinguish what’s important. 

That’s why we focus on price. Price filters the noise and useless data.

At the end of the day, it's price that pays. 

So, if bonds are breaking out to fresh multi-month highs, we should buy bonds, right?

Here’s a quick look at the bond market buy signals triggered earlier in the month: 

All three are still in play.

One of the great things about options trading is the flexibility afforded to traders to combine multiple contracts, of the same or differing expirations, long or short, to express unique ways to participate in whatever thesis we might have about the future direction or opportunity the market is offering.

Depending on the type of trader and person we are, this menu of choices available either incredibly excites us, or it overwhelms us with analysis paralysis.

I usually fall into the first camp, excited about the choices. But I'll admit to sometimes feeling myself unable to make a confident strategy decision.

So when opportunities like today's trade come along, I get pumped. This is because today's trade is my favorite kind of setup. Both for the potential of the move and the simplicity in how we can play it!

Regardless of whether the majority of stocks in the market are going up or down, there seems to always be a group that just wants to keep on falling in price.

They can't help themselves.

Investors just hate them.

And with that hatred, of course, comes opportunity.

Here's this week's shit list:

We've adjusted a position in the Paid-to-Play portfolio today:

There's no denying we've been on the sidelines for the longest time.

Equity markets have stalled at logical resistance zones, while the greenback looks primed to experience a mean-reversion rally. At the same time, Bitcoin $BTC, Ethereum $ETH, and most altcoins are either below their June lows or messy at best.

It's no surprise crypto stocks continue to slide and now trade at year-to-date lows.

What a tragic sector...

The largest insider buy on today’s list comes in a Form 4 filing by the early stage life sciences investment firm Atlas Venture.

The venture capital fund now owns a total stake in Dyne Therapeutics $DYN of more than 17%.

From the Desk of Kimmy Sokoloff

The market is continuing yesterday's slide after Fed Chair Powell’s speech.

For today, I'm watching the 21-day moving average on $SPY at 396.40. We're slightly below it.