DOW 14k

I think we accelerate here, I'm hedged. The market is heavy.

I think we accelerate here, I'm hedged. The market is heavy.

Today is OPEx, going to be a lot shenannigans likely. Now next week.. that is looking promising.

I think we accelerate here, I'm hedged. The market is heavy.

Today is OPEx, going to be a lot shenannigans likely. Now next week.. that is looking promising.

yeah it makes to much sense for them to try to deflate those puts with the VIX up +3 sigma right now on the daily. Honestly, it is one great fade strategy doing this with the VIX, until once a year you get it wrong and go broke

I think we accelerate here, I'm hedged. The market is heavy.

Today is OPEx, going to be a lot shenannigans likely. Now next week.. that is looking promising.

One general, IBM down and out...next week MMM reports...if that one disappoints as well, gonna be real hard to hold up the Dow much longer...


Terrible looking breakout/fakeout on IBM now at 210 level. I think the highs are behind us on that one....pennies away from making fresh 2013 low....

Edited by K Wave, 19 April 2013 - 11:00 AM.

Well, after double whipsaw, I'm back to long and clueless about what is going on here, and 7% poorer. The markert is oversold, yes it can get more oversold, but I don't like being short oversold markets as they can hand your head to you. My SPX VIX is in bottoming area, it can trend from here but NYAD has had a big bounce today. All I know is they can run this back up and by the time it gets back here we could be nearing May expo, so May puts might become a loser. I see they are trying to square up for a normal flat opex now.

Gold looks higher from here, this hourly move down is corrective.

I think we accelerate here, I'm hedged. The market is heavy.

Today is OPEx, going to be a lot shenannigans likely. Now next week.. that is looking promising.

One general, IBM down and out...next week MMM reports...if that one disappoints as well, gonna be real hard to hold up the Dow much longer...


Terrible looking breakout/fakeout on IBM now at 210 level. I think the highs are behind us on that one....pennies away from making fresh 2013 low....

Zerohedge has an interesting take on today's action.. that index protection is being unwound, while real positions like IBM, GE, MCD, etc are being sold.

Tick is certainly very negative.

Edited by ogm, 19 April 2013 - 12:14 PM.

I think we accelerate here, I'm hedged. The market is heavy.

Today is OPEx, going to be a lot shenannigans likely. Now next week.. that is looking promising.

One general, IBM down and out...next week MMM reports...if that one disappoints as well, gonna be real hard to hold up the Dow much longer...


Terrible looking breakout/fakeout on IBM now at 210 level. I think the highs are behind us on that one....pennies away from making fresh 2013 low....

Zerohedge has an interesting take on today's action.. that index protection is being unwound, while real positions like IBM, GE, MCD, etc are being sold.

Tick is certainly very negative.

Unless the market breaks down on Monday, the tick is at a position where the market should see a good bounce.