MARKET UPDATE: CENTRAL BANK-A-THON

Quadruple expiration starts today and it’s following a period of time in which we’ve seen an explosion in equities.  Jack says to pay attention to the calendar spread that’s coming out of open interest moving out of the March contract and into the June contract because it could be indicative of what might happen over the next few months.  He thinks that the calendar spread activity will be determined by what is said by Draghi and the Bank of Japan this week.  Jack refers to the next couple weeks as “Central Bank-a-thon.”

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