I think we're bottoming out based on the spike on the VIX. Break of 1250 and we're looking at 1225. For now a counter trend rally is in the cards. Bought SPY April calls.
News: unrest in east Saudi arabia and police start shooting ( reminder, most of Saudi oil fields are in east ). this gulf story is in the begining in my view were the tension in Yamen, Bahrain, Oman, and SA ... the situation is still unfolding (sorry for my weak english, it is not my mother language)
Multiple resistances here. Looks like a yesterday once more?
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
TICK 1000 here we come, set up for tomorrow. I know some one sees it as bullish, becareful how you read it, same as VIX. and for short term trade these two are my favorites.
My comments are for entertainment/educational purpose only. NOT a trade advice.
it was a very nice snap back, but too sharp, so no accumulation here, I'm afraid that today's low will be revisited eventually.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Let's put it this way ...
IF you were BEN/NY FEB, would you want this natural disaster ruin all the QE1/QE2 efforts? I don't think so ... just print money until we are out of this damn shit!
I heard my Uncle Benny have ordered 100 more printing presses.
QE3 through QE18 are on the table.
greenback wrote:Let's put it this way ...
IF you were BEN/NY FEB, would you want this natural disaster ruin all the QE1/QE2 efforts? I don't think so ... just print money until we are out of this damn shit!
Cobra wrote:it was a very nice snap back, but too sharp, so no accumulation here, I'm afraid that today's low will be revisited eventually.
you mean it'll be tested in last an hour?
Not today, just the price action is way too emotional.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Me XMan wrote:I heard my Uncle Benny have ordered 100 more printing presses.
QE3 through QE18 are on the table.
greenback wrote:Let's put it this way ...
IF you were BEN/NY FEB, would you want this natural disaster ruin all the QE1/QE2 efforts? I don't think so ... just print money until we are out of this damn shit!
just a few key strokes ... there is an easy button.
usually a good bottom is wave up, a few 5 min bar up then a few down and then a few 5 min bar, like some buying program are running in orderly fashion. But now all we see are sudden spike up, that's not enough time for program to run accumulation and that's why I suspect that today's low will be revisited. Just a thought as you know I don't trade based on such kind of speculation.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.