Looks like we will see a breakout of the market either sometime later tonight or tomorrow. Anyone short this market right now is in for a scary next 24 hours of trading.
nat sure about seeing 1474. uvxy chart is about to bottom. vix should also start to form bottom soon in 13's or low 14's. one thing to notice. tna jumped right out i mean right out far very far of upper bb showing topppyyyyyyy. thadz not a good sign for longs. watch it watch it.
Have to see who Republicans vote as Speaker. If they keep Boehner, then stocks keep going higher because that means the Republicans will cave on the debt limit and there won't be any real or serious cuts at the end of February. If the Republicans replace Boehner with Cantor, then the rhetoric might actually get serious and the next set of cliffs might get a lot uglier.
There never was or will be any real cuts, just more money-printing. The special interests that are behind the curtain, won't let there be any spending cuts, unless it's social service cuts.
NYC.... It kinda looks like we will be heading to $147 in short order? I got out on the am dip (which wasn't much), and salvaged what I could, but glad I did. I figured, they would drive the DOW to 300+pts and they did. I got out of my AMZN @ +4/sh, closed over $6/sh. Damn, should have listened to you, and covered yesterday, and it would have set me back to where I was when I did the short leg the end of the year.
Again, thanks for the update..