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Nope....QE4eva
I'm probably the wrong person to ask. I have a firm belief that technicals drive markets. Fundamentals offer tender for a fire, and news events may "trigger" a move that is already in the making, but ultimately it comes down to technical resistance, support, overbought, and oversold conditions. How many times have you seen a "sell the news" event on the same information that when released a year earlier triggered a massive run?
My philosophy is look for extreme conditions and position yourself for a news event to trigger a technical explosion in the direction that technicals dictate the company price go.
Im liking that falling wedge
VIX and More: The VIX and the Pre-FOMC + Post-FOMC Trades
http://vixandmore.blogspot.com/2013/06/the-vix-and-pre-fomc-post-fomc-trades.html
1. a pre-FOMC VIX ramp in which the VIX tends to move up sharply in the three days leading up to the FOMC announcement and trend up more gradually 1-2 weeks in advance of the announcement
2. a sharp decline in the VIX averaging about 2.6% on the day of the FOMC announcement, with a gradual decline in the VIX of another 1.0% or so in the two days following the announcement
3. a sharp rebound in the VIX that starts three days after the FOMC announcement and persists until nine trading days after the announcement
Morning
Amen! Ready to get some heavy hitters on the ledger
BTO AAPL 100 Calls @ .08
OPEX lotto
Nope....good chance I will before FOMC announcement tomorrow though.
BTO FB 113 puts @.61
50DMA
Bulls fighting hard for that 50DAM
Sold 1/3 FCX 10 Puts @ .37 from .15
Confirmation, market participation, Yellen, all the above. It's like herpes...you'll know it when you see it. But mostly a break and hold over 102
So tempting. Going large on this one when the time is right
ISRG, WYNN, GOOGL all have my bullish trigger finger itching....patience
Doubled position in FCX 10 Puts @.15
BTO FB 112 Puts @.45
Legging in here
Agreed....expecting a pull at some point today
WYNN - I know I'm a broken record at this point, but in a market where almost every name has lost their 10EMA, this thing is STRONG, bouncing at the 10 all day long. My #1 stalker right now. Looking for the SPX to find support and bounce at the 50 (hopefully). Either way, once market finds support, WYNN should beast
Hey there jb
Should be a nice pay day for you
FWIW I wouldn't be initiating new shorts tomorrow if you aren't already short. Might work, but the RVR just isn't there IMO