Ryan moving on a one month spending bill to get us past the winter holiday recess. Seasonal trend is for rockey January.
IF tax bill passes puts profit taking into January. If Fed raises rates. If government shuts down in January. Could create the mother of all selloffs. Just Say'in.
So banks love this shite
And as it’s EOM, all the port mgrs have to "window dress" and buy the banks
And it looks like they’re selling gold/gold miners to free up funds to buy more banks
IMHO, intraday
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
SPY high
VIX high
WTF?
No wait, sorry, that was a few minutes back
Since then VIX dropped like a rock from 12 ish to 10.77
Maybe fehro can make sense of this
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Al_Dente wrote:SPY high
VIX high
WTF?
No wait, sorry, that was a few minutes back
Since then VIX dropped like a rock from 12 ish to 10.77
Maybe fehro can make sense of this
someone jammed up the price of insurance to protect your gains… (supply demand .. heavy put buying?)
fwiw a 2% down move in the market will erase all "tax savings" .. so not so sure about that "hold till next year" for the "savings" take your profit on a spike up
pullback may have small legs at least but generally should be bought eventually.
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I think put insurance buying is not in the realm of the retail investor. I think it says money manager buying at all time high to keep clients happy while protecting the downside, to keep clients happy.
Tick and AD are easing off a bit
NYAD is +614
NY advancing stocks = 1.5 x declining stocks (should be stronger)
NY advancing volume = 1.5 x declining volume (should be stronger)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
here come the 2nd leg down as expected. now testing 15 min ema20, see any buyers here.
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