DOW at record high and I am making a few $$ profit with LONG VXX.
But the star of the show for me is NQ; great range and movement during the past week or two.
Strange market as more and more LONGS are hedging. See VIX hourly chart.
More on VIX tomorrow. Could get a DAILY VIX BUY tomorrow (SPX sell)
Expect more extreme sentiment readings as the markets fizzle at the IT top
Bullish much?
Options traders on the ISE exchange bought 238 calls for every 100 puts today. That's the most since December 2005.
The last time they bought > 2 calls for every 1 put was in September. It hasn't happened too many times over the past decade.