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10/18/2017 Live Update

Re: 10/18/2017 Live Update

Postby Cobra » Wed Oct 18, 2017 2:34 pm

the pullback will be bought.
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Re: 10/18/2017 Live Update

Postby Al_Dente » Wed Oct 18, 2017 2:36 pm

Last night the SKEW hit 150.12 :shock:
(lots of folks buying OTM puts for protection)
FYI: the high for comparison was 154.34 on 3/17/17
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Re: 10/18/2017 Live Update

Postby Al_Dente » Wed Oct 18, 2017 3:01 pm

HAPPY HOUR
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Re: 10/18/2017 Live Update

Postby Trades with cats » Wed Oct 18, 2017 3:10 pm

Skew I understand that pro money managers think people won't pay them to have their money in cash. Lance Roberts at realinvestmentadvice has related how when he got clients out before the last big sell-off they were upset about missing out on the last parabolic part of the rise and left him anyway. But BofA Merrill was relating how the major accounts have been selling equity for the last 8 to 10 weeks and we are in a retail investor lead phase. So it makes sense that the pro money is getting out if they can and buying insurance if they can't. So if they are wrong next leg up is when they redeploy the cash they are raising.
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Re: 10/18/2017 Live Update

Postby brokebybernacke2 » Wed Oct 18, 2017 3:33 pm

Trades with cats wrote:Skew I understand that pro money managers think people won't pay them to have their money in cash. Lance Roberts at realinvestmentadvice has related how when he got clients out before the last big sell-off they were upset about missing out on the last parabolic part of the rise and left him anyway. But BofA Merrill was relating how the major accounts have been selling equity for the last 8 to 10 weeks and we are in a retail investor lead phase. So it makes sense that the pro money is getting out if they can and buying insurance if they can't. So if they are wrong next leg up is when they redeploy the cash they are raising.



watch skew relative to vix, and it's fairly insane...these levels calling for a good pullback over next 4-8 weeks...
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Re: 10/18/2017 Live Update

Postby Trades with cats » Wed Oct 18, 2017 3:46 pm

That skew/VIX chart is insane, I suppose part of that is the volatility repression in the marketplace, but even then it really shows how crazy this market has become.
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Re: 10/18/2017 Live Update

Postby Cobra » Wed Oct 18, 2017 3:56 pm


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Re: 10/18/2017 Live Update

Postby Cobra » Wed Oct 18, 2017 3:57 pm

well, guess that's it for today. Thursday tomorrow is the only weekday nowadays that still favors bears. thank you guys, I'll see you tomorrow.

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