Gotta love ZERO RISK in the SP500 = $$$

So we topped in 2008, divergence between index and adv/dec ever since, just confirms my outlook.

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Oil stocks are getting slammed...

Went long a little XIV at $30.25

Went long GUSH around $11.45

Apple earnings tonight. Get ready for some volatility after hours ....looking for at least an 8% move in apple.
 
Small caps not doing well at all...surprised to see the S$P still hanging in there.....with energy and small caps down I'm surprised the s&p hasn't broken 2060
 
Small caps not doing well at all...surprised to see the S$P still hanging in there.....with energy and small caps down I'm surprised the s&p hasn't broken 2060

it's the "showcase market"...can't tell you how many RUT/IWM shorts I've passed on because the S&P/NDX/DOW are/were going strongly higher...you wouldn't guess that NDX is within spitting distance of its summer highs if you just looked at MDY/IWM...IWM's highs of 129 area are almost 15% away...
 
it all looks timed a little too perfect. Apple maybe misses and then 12 hours later the dovish Fed appears with no hike in the distance...another 24 hours later Abe appears with deep dovish persuasion..possible more QE..then next week FB maybe beats, draghi jawboning the whole while ..really have to wait this thing out for a while

CL giving good short activity (holding few days maybe cover Thursday), many other energies/ commodities also offering good short opport. Good time to take a small break and see if my bicycle still works..see if the pub down the block still slings pints of Old Speckled (have been wondering for a few weeks now) :D
 
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