Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, Max Pain on the NDX is 1475 for May by my eye, and the SOX pain is 490 for the same. Many individual issues have loads of calls above these levels, and that may be why we're not launching like you'd prefer.

The daily BB's might need to pinch a bit more also. We get great moves when the BB's on the NDX are pinched to 50-points at 2-standard deviations. They're at about 84 points now.

SNDK pain is about 30, but there are loads of calls for June, which makes me doubt the ability of SNDK to rise to meet the inverse H&S target in that time frame. Maybe late summer is more likely.

There are lots of other individual trash stocks that look like they could use another low. That also works well with a trading range here the next couple of weeks, IMO.