Short? There's nothing left though to fear out there for months. You'll be one of the few. I was short for awhile but doesn't seem to work in this QE market. I flipped to long about halfway through this 100 point move. I believe we're in for at least another 60 up from here with nothing to fear left. Vix where it should be given lack of fear items left this year
All the stochastics, RSI are sitting in or near overbought territory. I find it hard to fathom a major rally that lasts more than a day on a congressional deal. So either:
A) the blow off top was not in Sept but rather here in Oct and we rally big only to lose it again in the days after. This would fool the most traders (max pain) and provide setup for a 10-15% correction with most long.
B) Congress fails to get a deal done and we crash (unlikely)
C) the only deal congress gets done is a very short term deal to extend the debt limit but the shutdown continues. We crash on the thought of a very long shutdown. GDP impact takes a toll and devaluation of 4q earnings is primary concern with a major sell off into last week of October
Everyone is counting on a deal that takes away all the concerns. I just don't think that happens at this point.
This is just an overreaction tonight. The market moved up last week once they started negotiating cause that meant Tea Party was caving. Obamacare not even in the card anymore. Cruz not a factor anymore. All the reasons we rallied are still there. We will rally again tommorrow. Watch and Learn
I disagree. Late last week was the turning point. Now they are negotiating. Vix may bounce around 15-18 but that's it. If you bought TVix, get rid of it. I'm in Xiv and expecting to see big up day Monday on a deal
The two sides gave promising signs of resolving the conflict as America was getting frustrated. That set off a 2 day rally that was then reversed fully on Day 6. Will we rhyme?
And I'm sure the vix was complacent for the first 5 of those 9. Yea right. Everyone knows to buy a 5 day dip like this when volatility isn't spiking. Watch and learn tomorrow morning bud
If we bust thru its likely to be a big move because there are a lot of shorts out there right now that will have to cover or will get stopped out at the open. It would be easier for everyone if we just open a little down
I feel as though we are either about to bust through this top area here at 171 or fall from it hard tomorrow morning. Futures are suggesting we bust thru but I'm still holding out hope
All of you with your terrorist-like predictions. We are healthy with Syria now out of the way and taper baked in or maybe not even existent until Dec. we had an August dip. We're now returning to the highs and will break them. This isn't going down anytime soon
There was one in June. I agree however that the other 32 or so have been up. likely up day tomm