The S&P has topped

The S&P has topped


  • Total voters
    59
Looks like once again not enough votes to pass it!!!!
Think they said by 3:30pm Easter time they will know for sure.... Looks like Obama care might stay in place....anyone here on Obama care?
 
Market has/is been pricing in increased vol:

Forward-Yield Curve_17-03-24_12-11-32.png


Chart_17-03-24_12-16-20.png


Chart_17-03-24_12-17-39.png


Chart_17-03-24_12-15-00.png
 
I'll confess that the decrease in vol bums me a little bit... AND that I don't think the market is pricing the political floppitude appropriately. So, small vol means the top gets crappy pricing, and while you're waiting for reality to hit, the bottom gets pricing that'll be swamped at that first burp.

"Thank you, sir -- may I have another?"
 
I've seen enough of your calls not to ever lay your top calls, plus Pekelo concurred. Surf made a top call (cough cough obviously) and I had a bearish signal too. Cool! Let the slide continue.

Where is your target? I am playing it by the ear, most likely around 20SMA monthly basis (NDX, SPX, INDU)
 
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