Buy SPY April 156, 157 and 158 calls.....equal money weighting to each.....sell 156 once they go into money, 157 the same....let 158s ride. Bulls are easy, never take losses, keep buying and sell for profits only.
As long as Fed is pumping 85 billion a month, buy and close eyes....do not take losses and get shaken out of the market.......buy and close eyes
They have been leading the charge to new highs, now starting to giver up with decent volume using IYT as the gauge.
Keep an eye on bond market as well, money moving into bonds, even with market higher today......divergences everywhere.
A potential outside reversal day with accelerating volume, and VIX basically flat.
get short, get short fast
Also noticing the implied volatility of the options on VXX are bumping up....potential signal, or just some big funds purchasing insurance for the weekend.
Supporting the market right now....when they step away you get a rapid collapse....the question becomes, is that institution supporting the market in an effort to position it's self net short before letting it find a real bottom, or are they building a long position for the next leg up
Bull markets are easy...never take a loss, buy every gap down open....close eyes
seems like a big market move for a tech stock that few would still call a market leader.
Anyone seeing some news anywhere that would suggest this move is nothing more then some market maker price fixing??
Buy and close eyes
Event is just beginning....printing more money, and borrowing more debt is a short term fix...eventually it all comes apart.
first time in some time where sellers are meeting buyers share for share
Two ways to look at it....less sideline money to help support the market......smart money beginning to move to take money off the table.
Two days of selling, now buy and close eyes.
Do I get a prize?
I say 154.90-155.10
to close the gap.....lets see if we get some volume acceleration in either direction, I think that will tell us where we go over next few days and weeks.
Anyone else getting a sense that the buying off the open to this point has been a suckers move? Not sure if I am getting nervous wanting to protect my profits, or if my senses are tingling for a real reason, but this bounce from the open looks like retail bagholders getting sucked in.