Monday, May 11, 2015

May 11 - Listless open

So far a noncommittal open which doesn't favor either bears or bulls...yet.  Although I am currently short there is a chance that we finally break out of this consolidation zone and move up although more limited.

A good read that was in line with my feelings regarding the exaggerated VIX move from Rob Hanna.

1100am update:  A bit more weakness and the 30/ 60 min frames triggering more strongly sell signals.  Will remain to be seen if we close red though.

No comments:

Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here