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08/29/2013 Live Update
Re: 08/29/2013 Live Update
Bought the last dip of the day on bad news with heavy market trade pessimism.
Fading the news with the trend can be very profitable.
Trading against the trend with the news can be very expensive.
Sentiment is very negative here, with 74% ALL opening long calls/puts low
and 4.44 times as many index puts as calls opened long.
EQ opening long calls/puts hit 214% this AM, in past smart $ with low implied volatility premia:
http://www.ise.com/market-data/isee-index/
Crude near 114 top
Gold target 1740
SPX target 1970
$UST target 15
Fading the news with the trend can be very profitable.
Trading against the trend with the news can be very expensive.
Sentiment is very negative here, with 74% ALL opening long calls/puts low
and 4.44 times as many index puts as calls opened long.
EQ opening long calls/puts hit 214% this AM, in past smart $ with low implied volatility premia:
http://www.ise.com/market-data/isee-index/
Crude near 114 top
Gold target 1740
SPX target 1970
$UST target 15