How Equity Armor's Joe Tigay Is Trading the SPX

Joe Tigay from Equity Armor Investments discusses the impact of Fed FOMC meeting minutes on market trends, highlighting the lack of new details on rate hikes. He analyzes market resistance levels, particularly the 2800 level and VIX, suggesting a potential market shift. Kevin Kelly's insights on the skew index indicate possible volatility. Tigay outlines a trading strategy involving the S&P 500, focusing on limited volatility and a calendar spread approach.

What was the main topic of discussion regarding the Fed FOMC meeting minutes?

• Detailed plans for rate hikes

• New monetary policies

• Lack of detail on future rate hikes

• Immediate rate cuts

What level is considered significant in the market performance discussed by Joe Tigay?

• 2800

• 3200

• 2500

• 3000

What does the lack of a spike in the skew index suggest according to the discussion?

• A potential market rally

• Stable market conditions

• Increased investor confidence

• A significant move down

What type of trading strategy does Joe Tigay discuss for the S&P 500 e-minis?

• Long-term investment

• Day trading

• One-month calendar spread

• Short selling

What is Joe Tigay's expectation for market volatility in the coming weeks?

• Limited volatility

• No change in volatility

• Increased volatility

• Unpredictable volatility