Equity markets were deeply oversold, near the lower (-2sigma) Bollinger Band.
Yesterday, we got a bullish (contrary) signal from the options markets.
And this morning we got the follow-through, at least in terms of price.
The internals still do not look so solid.
New lows outnumber new highs almost 3 to 1.
Only 25% of stocks are above their 50dMA.
Only 27% of stocks are above their 200dMA. http://finviz.com/
Equity markets were deeply oversold, near the lower (-2sigma) Bollinger Band.
Yesterday, we got a bullish (contrary) signal from the options markets.
And this morning we got the follow-through, at least in terms of price.
The internals still do not look so solid.
New lows outnumber new highs almost 3 to 1.
Only 25% of stocks are above their 50dMA.
Only 27% of stocks are above their 200dMA.
http://finviz.com/
https://twitter.com/tradethecycles/status/643540337445613568
Weekly Returns for SPX Past 10 Years: https://pbs.twimg.com/media/CO3viRHVEAA3OlM.png:large
Hey Zstocks… how you been old buddy?
Tuesday, September 15th, 2015 ES Futures Morning Update: http://screencast.com/t/Xlqaw67Ql
testing 123
September 14th, 2015 ES Futures Monday Morning Update: http://screencast.com/t/nt0CxJcgXx
You will be correct. Vix will greatly increase in value Monday Tuesday. Big surprise coming.
Yeah… but which way? I could make a bearish case as easy as a bullish case.
VIX = Bullish falling wedge.
Big moves coming for the market soon.
SPY End Of Friday Update: http://screencast.com/t/f1cnygKARn