TAX BILL = TRIN↑ + VIX↓ ?? "sell the crap!"

El OchoCinco said:
not much of a sell off...
More...

Ain't that the truth!
Had me shaking in my boots, though, at 10:30am -- I'm heavy on the bottom, and spent some good change (read, "a lot of mullah") to push things down (which you can do so much easier on the put-side) *and* to open some new stuff {"Damn!"} a week out.

VXST1102nn.png


You can see above, with the release of the Tax Bill details, vol plummets >10%.
"Whaaaaaaat?"
And then, Yo! Let's lookie at the TRINnie-Trin-Trin:

TRIN1102nn.png


And at 10:30, it's up, and more importantly, it's SMA(6) is cruizing up, too.
"Woof! Sell!"

So, I put 1+1 together, and *jumped* to a conclusion -- it sounded like a fine tax bill to me, but Sheeesh! "Somebody be a'sellin'!"
So, if the tax bill made stupid investments "more stupid" -- then "Hey! Fine time to sell!"

Anyway, that was my thinking.
It's cost me a bit, but I pushed "up" on the last pops, and pushed down on these drops, so I'm sitting a lot easier right now.

Not sure -- were I a market 'owner' at all -- what I'd be buying right now.
Probably basics, infrastructure, consumer durables, and the DOW.
What would I short?!? Well, certainly H&R BLOCK, etc. (But this is all without any look at a 1hr or 1day graph, too. I think I'll go study the S&P500 sectors for the afternoon.)
 
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