1 reply to this topic

[CLK]

Anyone notice IWM underperforming on the upside as well as the downside these days, compared to the DOW ? I think this is directly related to IWM option spreads going to pennies, price you pay for tight spreads.

[Cirrus]

My take is if the bears can't take it down farther by the close on Friday we are going to see a retest of the highs in all the indexes. I'm now overall flat with longs in energy/materials, some semis (VRGY, MKSI and a couple others) and shorts in financials, and some consumer sensitive issues like restaurants and retailers. FWIW PNRA and CBRL look vulnerable. I've also been heavily short CCL for a couple weeks. I'm short some financials, too. I don't like the OEX P/C and the tape hasn't been spectacular. However, no reason to be overly bearish.