The premarket action is slightly up. Yesterday action gain was a washout on Friday loss. Watchout for S&P 500 at 1050 level. It seems like the market is ready to go higher. In back of my mind I believe it could be a false breakout.
Investors always look for something to correlate with the market. It used to be VIX. Now the dollar. They don't correlate 1 to 1 ratio with the market at all. VIX is a measure of volatility of the option premiums. If the volatility is high, it means the premium would be expensive. This implies that the market is volatile to either side of the trend.
The more means or vehicles out there in the market, the specialists will get you no matter what. They always find some ways to screw us. The vehicles could be options, ETFs, VIX technical analysis, CNBC shows such as Cramer and Fast Money and others.
Today volume has pick up. It could mean one of the two things.
ReplyDelete1. The market is about to reach the climax of the uptrend.
2. The market is about to breakout and go higher.
Yea, I'm looking for 1060 SPX.
ReplyDelete$USD is up while the SPX is up. I think we might see a sell today. Favorite short right now is FSLR above 140 and $COPPER.
ReplyDeleteInvestors always look for something to correlate with the market. It used to be VIX. Now the dollar. They don't correlate 1 to 1 ratio with the market at all. VIX is a measure of volatility of the option premiums. If the volatility is high, it means the premium would be expensive. This implies that the market is volatile to either side of the trend.
ReplyDeleteThe more means or vehicles out there in the market, the specialists will get you no matter what. They always find some ways to screw us.
The vehicles could be options, ETFs, VIX technical analysis, CNBC shows such as Cramer and Fast Money and others.
Welp, so much for the sell off. Looks like another green close today.
ReplyDeleteAt least it didn't closed at the high today. It seems like every $1 up, there is some kind of resistance. 103, 104, 105 and now 106.
ReplyDelete