04/04/2013 Live Update

[Cobra]

this rebound has legs.

[gasprice]

Was a big buyer of SPY calls on this dip this morning, still actively fading retail who has no idea what kind of major bull wave we're in right now, not even close to finished

[Cobra]

volume surge, biggest bar, so might see pullback here first but normally the pullback would be bought.

[Neroli]

Hi, Gasprice

Does the green line represent put/call ratio? What are the other lines? Thanks!

Short term equity put/call sentiment approaches the most extreme levels in the past decade.

ARE YOU SURE YOU WANT TO CALL A TOP HERE?

[L_T]

volume surge, biggest bar, so might see pullback here first but normally the pullback would be bought.

yellow dot please?

[Jennyahwu]

what is meanful rebounce?

[stlwater]

what is meanful rebounce?

It's a rebound to allow all the big funds to take a nice safe short position at the signal they ignored yesterday (until proven). Now they all want in so the market has to come back to let them in. Likely around the lows of Friday depending how greedy they are it might be near the highs. I didn't expect them to bring the market back to that level only a day after that kind of selling. If the market doesn't make news highs and it is simply a load the boat for a corrective wave, then look out below.

[gasprice]

IYR already makes new 52 week highs even as traders, professional AND retail, call tops

[Cobra]

pullback indeed, still think it'd be bought. well, NORMALLY.

[Cobra]

volume surge, biggest bar, so might see pullback here first but normally the pullback would be bought.

yellow dot please?

[stlwater]

IYR already makes new 52 week highs even as traders, professional AND retail, call tops

Seasonality, breakdown of key sectors and equities, overbought conditions, trend indicators turning over... maybe we're all wrong, maybe not. Place your bets. GLTU.

[TradingJackal]

I guess you can't go wrong in this market. With so much whipsaw, just take a position. You will make money regardless.

[edit] I made money I should not have.

[L_T]

volume surge, biggest bar, so might see pullback here first but normally the pullback would be bought.

yellow dot please?

Thanks I'm a big fan of the dot. Where do I send fan mail?

[Cobra]

volume surge, must be some news, wait.

[gappy]

what is meanful rebounce?

taz.jpg

[KENA]

The dn move stopped right at the inverted "U" res..Now let see if it holds for another test of hi.

[victorm]

volume surge, must be some news, wait.

10:30 Benmanke speaks...

[Darkmatter]

They just wound the VIX up perfectly with that dead cat bounce.

[toddymc]

$SPX: The Expanded Flat idea I suggested yesterday

I like it!!
Vix is holding fast despite this pop ...Sold calls I got early Am 25% profit
looking to enter puts at that support line(missed a fill off the lows
Another view from the matrix, LT

[L_T]

$SPX: The Expanded Flat idea I suggested yesterday

I like it!!
Vix is holding fast despite this pop ...Sold calls I got early Am 25% profit
looking to enter puts at that support line(missed a fill off the lows
Another view from the matrix, LT

Looks like a downtrend with a bunch of low-volume chop to me. Glad you find it useful!