Something is not right..
- Thread starter frostengine
- Start date
I have a bit of an "sonar" that sniffs out trouble, and it's not pinging on anything right now.
The VXST and VIX are smooth -- IVs by expiration just as smooth {if finer-grained}. TRIN was up big today, and showed real divergence with the market -- first time in a week.
My GUESSED explanation is that The Orange One has not burned down The White House [yet]; and he made nice with the industrial movers/shakers today, AND that the market eased down from prior maybe-scary highs. The *narrative* I'm telling myself is that this is the Pause That Refreshes. And when I look to my options sonar, there are no big hairy blobs on it, indicating great lumpy reefs in options pricing masking some big nasty rock of market brutality.
SO???? So I wrote. Not a lot, AND I even wrote for Feb03 -- right after this next FOMC meeting. Woof! Scary!! Except, the options pricing right now suggests, simply, "No Big Deal."
Sooooooo, I'm *starting* to ease off the fence.
But, plenty askeerd. And it's *still* surprising how much it takes to work into a position, too. Lots of massaging. Like, all day. (OOps. I think the SEC calls it, "Spoofing" now. Don't nobody tell.)
Well, ......that pretty much locks in 2600.
Gavekal Capital@GaveKalCapital55m55 minutes ago
#Gavekal Capital: Given the Level of Economic Policy Uncertainty, The VIX Should Probably Be Higher http://blog.gavekalcapital.com/?p=12660
Keith McCullough@KeithMcCullough2h2 hours ago
With the VIX all the way back down to 10, I'll look forward to the US Equity buying opportunity
Randy Frederick@RandyAFrederick3h3 hours ago
Is bullish sentiment getting a little too frothy? $VIX is -0.05 with the $SPX -3.40 despite the VIX hitting a new 30-month low yesterday,
#Gavekal Capital: Given the Level of Economic Policy Uncertainty, The VIX Should Probably Be Higher http://blog.gavekalcapital.com/?p=12660
Keith McCullough@KeithMcCullough2h2 hours agoWith the VIX all the way back down to 10, I'll look forward to the US Equity buying opportunity
Randy Frederick@RandyAFrederick3h3 hours agoIs bullish sentiment getting a little too frothy? $VIX is -0.05 with the $SPX -3.40 despite the VIX hitting a new 30-month low yesterday,
Abigail Doolittle@TheChartress45m45 minutes ago
Here's my fave #ChartoftheWeek - $VIX vs $SPX LT, wow! Yours? Wld love to RT
8 replies17 retweets17 likes
Gavekal Capital@GaveKalCapital55m55 minutes ago
#Gavekal Capital: Given the Level of Economic Policy Uncertainty, The VIX Should Probably Be Higher http://blog.gavekalcapital.com/?p=12660
With the VIX all the way back down to 10, I'll look forward to the US Equity buying opportunity
Is bullish sentiment getting a little too frothy? $VIX is -0.05 with the $SPX -3.40 despite the VIX hitting a new 30-month low yesterday,
Here's my fave #ChartoftheWeek - $VIX vs $SPX LT, wow! Yours? Wld love to RT
8 replies17 retweets17 likes
you would have gotten short and been fucked since 2012 following that chart.