Very Bullish reversal is just happening

Quote from shortie:

we seem to have hammered in a very solid bottom but there are still plenty of doubters out there. even after today's move VIX is still 39 :eek:
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I believe traders are buying the stocks and also buying VIX puts for protection. The reverse thing happened a few days ago. Dr. J also said that VIX should have hit 100 a few days ago when market crashed but it only hit 40 which was surprising.
 
Quote from shortie:

we seem to have hammered in a very solid bottom but there are still plenty of doubters out there. even after today's move VIX is still 39 :eek:
More...



VIX at 39 still indicates a lot of fear.

A lot more fear needs to be calmed.

Good/great economic numbers is what the market needs right now.
 
Quote from SteveNYC:

VIX at 39 still indicates a lot of fear.

A lot more fear needs to be calmed.

Good/great economic numbers is what the market needs right now.
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Agreed
 
Quote from hajimow:

I believe traders are buying the stocks and also buying VIX puts for protection. The reverse thing happened a few days ago. Dr. J also said that VIX should have hit 100 a few days ago when market crashed but it only hit 40 which was surprising.
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Please, Dr Science, explain how buying VIX puts is protection? Protection from a vol collapse?
 
Quote from SteveNYC:

VIX at 39 still indicates a lot of fear.

A lot more fear needs to be calmed.

Good/great economic numbers is what the market needs right now.
More...

volume was very light today and it was a suckers rally. At the end when a little bit of volume came in, market sold off.

VXX is high because the bears never left.

No one cares about economic numbers anymore, we know the books are being cooked.
 
Quote from atticus:

Please, Dr Science, explain how buying VIX puts is protection? Protection from a vol collapse?
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Sorry. I meant Call and not put. Thanks for correcting me.
 
Quote from will848:

volume was very light today and it was a suckers rally. At the end when a little bit of volume came in, market sold off.

VXX is high because the bears never left.

No one cares about economic numbers anymore, we know the books are being cooked.
More...

stock av vol today
SPY 240 487
ADI 3 9.2
CSCO 78.5 287
INTC 59 75
GS 7.1 11.8
AAPL 17.8 26.5

Just name one stock that its today's volume was not substantially higher than its av volume.
 
Quote from will848:

volume was very light today and it was a suckers rally. At the end when a little bit of volume came in, market sold off.
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This has been the case for a long time now. A low volume day is almost assured of churning higher as robots scan headlines and lift the bid.

Volume returns, and sell off's occur.
 
Quote from will848:

volume was very light today and it was a suckers rally. At the end when a little bit of volume came in, market sold off.

VXX is high because the bears never left.

No one cares about economic numbers anymore, we know the books are being cooked.
More...

Volume is another indicator I don't use anymore.

Fuggedabowit.
 
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