Interesting TRIN and TRINQ are 1.5+ both

Not sure what it means at this point, but it is what it is. No position for the moment. Waiting to short the words.

I shorted right off seeing how it jumped 20 points on the SP right off.. touch and go from here. Thisone is easy.. whereas the mumbo jumbo from the FED carries some stinging weight.. the ECB is clearly bark little bite here Muzzle is on until German courts rule in Sept.

I shorted right off seeing how it jumped 20 points on the SP right off.. touch and go from here.
Thisone is easy.. whereas the mumbo jumbo from the FED carries some stinging weight.. the ECB is clearly bark little bite here
Muzzle is on until German courts rule in Sept.

I'm very tempeted to short the NQs again. AAPL cultists don't seem particularly impressed with Draghi today, and Facebook earnings after the close.

Maybe will do a small position, without posting. If AAPL goes red.

Momentum is a bit high, so it will probably take some time to errode.

Edited by ogm, 26 July 2012 - 08:57 AM.

Not sure what it means at this point, but it is what it is.

No position for the moment. Waiting to short the words.

My take is not many trust this reversal.

Not sure what it means at this point, but it is what it is.

No position for the moment. Waiting to short the words.

My take is not many trust this reversal.

Probably. These reversals are a dime a dozen. Whipsawing everyone.

Looks like they are starting to come to their senses a bit. AAPL flirting with red now. Draghi did nothing for it. I think AAPL cultists may dump the close in disappointment and drag the rest of the Nasdaq circus down with it. TRIN still high and 1.3, VIX at the highs of the day. Now the question is.. if they stabilize it somewhere, make a base, and then reverse, it may get a bit more believable.

Edited by ogm, 26 July 2012 - 09:42 AM.

Euro 5 waves and broken levels now too.. I think this is a perfect opportunity for distribution at VERY reasonable levels.. yet another in the mid 1300 once again for the clients of the bigboys. Thanks for the knockdown of VIX, got some puts on the cheap

Edited by einscodek, 26 July 2012 - 09:55 AM.

Euro 5 waves and broken levels now too..
I think this is a perfect opportunity for distribution at VERY reasonable levels.. yet another in the mid 1300 once again for the clients of the bigboys.
Thanks for the knockdown of VIX, got some puts on the cheap

Yes, the intraday action starting to look sickly. Russell just kept weakening since the open.

Would be funny if they close the market red.

Edited by ogm, 26 July 2012 - 10:07 AM.

AAPL is slowly sinking into the Sunset. Next benchmark is yesterday's low at 570. I think Draghi needs to subsidize Ipad purchases directly. All his talk about "saving Europe from collapse" is unlikely to get consumers and companies back into the spending mode. That's what the market says, not me.

Edited by ogm, 26 July 2012 - 11:05 AM.

The difference between AAPL and ECB is that AAPL actually improves our lives in some way and .. well the folks at ECB and most of the banks probably belong in jail for doing what they do