Unpresidented VIX Spike Suggests A Positive Week Ahead

[ASusilovic]

Large short option seller strike 45 May. Markets will calm down in the next days.

 

[pookie]

Apparently, the president is not involved.

 

[Lojanica]

Quote from Lojanica:

Good to see you back I thought for sure the sequence of threads had ended and that Shortie was dead.

Long Live Longie!!!

Let me rephrase that not long live Longie but Longie is alive at least for one week...

Sorry for that last post it was as weak as last week.

 

[shortie]

Quote from Lojanica:

Let me rephrase that not long live Longie but Longie is alive at least for one week...

Sorry for that last post it was as weak as last week.

no problemo! looking forward to the coming weeks! not everyone will survive that's for sure. i hope i can take advantage of the volatility and make a few $$.

 

[heech]

I'm mostly cash at this point. My take is that upside is limited, however. No matter how well the EU issue is handled... What's the upside? Back up to 1190 on the S&P? That's about it.

What about downside? 2010 lows in Feb were 1050, and second half last year.... 980? 900? I don't know where the bottom is, and neither does anyone else. If I were running a long only fund, I'd be taking profits and asking questions later.

 

[crash n burn]

the trend is still intact (even though trends only exist in hindsight, to paraphrase a former ET poster).

with that in mind, I'd venture to say we might have a positive week ahead.

 

[shortie]

Quote from crash n burn:

the trend is still intact (even though trends only exist in hindsight, to paraphrase a former ET poster).

with that in mind, I'd venture to say we might have a positive week ahead.

what will determine the end to the uptrend? if Feb low is breached?

 

[gkishot]

Quote from heech:

I'm mostly cash at this point. My take is that upside is limited, however. No matter how well the EU issue is handled... What's the upside? Back up to 1190 on the S&P? That's about it.

What about downside? 2010 lows in Feb were 1050, and second half last year.... 980? 900? I don't know where the bottom is, and neither does anyone else. If I were running a long only fund, I'd be taking profits and asking questions later.

The upside here is much bigger than the downside.

 

[Ivanovich]

I closed all short Euro trades and have reversed. Therefore, I believe equities are going up too.

 

[piezoe]

Quote from Martinghoul:

I have no idea... All I know is that "unpresidented" is the most awesome new word I have heard in a long long time!

Indeed, we were "unpresidented" for a short while after Kennedy died.