Wednesday, April 17, 2013

Putty In Our Hands...


Hold the FBI handcuff jokes and don't send me any ricin... ForexDiva is no longer the market's laughing stock - at least not today!

If only every trading day could be so productive with beautiful left and right profit-taking...

I'm going to have to strategise and figure out a way I can do this time and time again.  So far, I must admit my options trading strategy has been very hit and miss.  

Selling volume on the SPY was very strong with 217 million closing volume vs. the 134 million 10-day average.  DJT failed to close above the day's 50% Fib level and VIX closed above the day's 50% Fib level - bullish for the VIX and bearish for stock indices.  A continuation pattern to the downside is what I'm positioned for.

Will tomorrow's US Unemployment Claims + Philly Fed + G20 Meetings headlines cause further profit-taking?  Or will the bulls continue to buy the dip?


+4.76% SBA (after profit-taking)
-1.76% Roth IRA (after profit-taking... TVIX was here)

-0.94% DJIA
-1.84% Nasdaq 
-1.43% S&P 

-0.96% FTSE
-1.55% Eurofirst
+1.22% Nikkei
-0.05% Shanghai
-0.07% SENSEX

-2.28% WTI
-2.18% Brent
-1.20% Gold
-3.40% Copper
-0.45% Corn

-1.12% EUR/USD
-0.78% GBP/USD
-1.06% EUR/JPY

-1.52% DJT
+17.69% VIX

+33.46% FWM (Fairway... IPO)



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