Thursday, September 10, 2015

Sept 9 - Bearish cloud cover SPY

Today was a solid sell off with 30/60 min frames confirming but some things were missing, strong volume and more importantly not so strong down volume vs up volume.  VIX moved up but not too much sign of panic.  Although we may easily revisit near lows, looks more and more like we are in a bottoming process.

Tomorrow with a slight advantage to the bears but we could easily gap up and go which would continue the recent cycle of harming the maximum market participants possible and continue thrashing around within consolidation.




No comments:

Jun 12 - Sold $GOOG, $AMZN, $MARK, $IGT calls expiring this week, added July $GPS, $AAPL puts and $GLD calls

Lightening up today and yesterday a lot and have some of the holdings as puts. $FDX getting closer to retesting highs. $SPY close to 2...