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Yesterday was the most weakness we've seen in a while in SPX. After an impressive run up early in the day, SPX sold off into the rest of the session, and has continued for the first half of today's session. Yesterday's range was the largest we have seen for a while, pushing the atr5 up to...

More of the same today, SPX continues to ride the upper range of it channel. Metals and Crude received their pop from the Fed yesterday as well. The first line of real resitance is about 1343. However, DJ30 and other barometers are in resistance zones. At today's high, SPX was 133 points off...

Maybe of note, the last few times aapl gapped up, the move lower was quick from there as well. If aaple is a big part tech leading, that could be the catalyst for a move lower. That being said, about to buy calls to hedge.

'looks like all the hedgefunds who missed the move up are still trying to pile in.

lol.

But in the end, without women, we don't have an economy.

Statistics did hold, 6th day after a 5 day run up was down, slightly. Today is more of the same though with buyers meeting any weakness and weekly highs being approached. Vix hit a new multi month low and atr5 is now under 10 on the SPX. Although most U.S. markets are up, as well as metals...

Thank you. Wednesday should be an interesting day.

The vast experience here is welcome to chime in. i'm under the opinion one should stay with the trend until the market says the trend could be over. This is usually signified by a break in the oppositive side of the channel. I don't have much to add in terms of scalping or daytrading...

While not guaranteed, 5 up days in a row for the spx, of which yesterday was the fifth by a hair, will statistically bring a negative day on the sixth. The day opened with a gap lower, which has been virtually filled at this point. I would say the gap closure will continue into a positive day...

'Had to close short calls today. You know that's likely the top.

Sorry to beat a dead horse, but, yet another move higher overnight, except this move was punctuated by a move higher during the day session, now evaporated of course. A positive day would make the second string of 5 up days in a row since the December low. Yet even with a down day today, one...

lol i've agreed everytime you said it recently but there was a deviation last night. I wouldn't be surprised to see some bad news over the weekend. Lots of confidence out there, vix tanked and dj30 within a hair of july double top. Have a great weekend.

Thank you, I add a fraction of the value you bring to these boards. Have a great weekend.

Thanks for the input. Please keep us posted on your vix trade, you could see some nice gamma gearing.

The main story for the a.m. is the divergence between dj30 and spx. Comp, ndx are down yet sox is up. gld is flatlilning yet slv is climbing. Notably, there was not an overnight new high set in the ES. SPX is down for the session, but by only 1/3rd of an atr5. DJ30 is in striking distance...

be the mad guest.

does that make us old timers? :D

SPX/ES continue with their relentless grind higher. Overnight highs continue to be made, and intraday highs are also surfacing. The January effect seems to be in full force, despite how overextended the market may appear. There should be considerable overhead supply in the 1315 range so a...

Another whom used to be on cnbc. http://www.foxnews.com/on-air/personalities/martha-maccallum/bio/#s=m-q