Market Makers, Give Me Some Financial Love...

It was a terrible day as I found myself getting knifed from both sides...

The Conviction Bulls came in and sold the lower strike puts and the Fraidy Cats Who Bought The Tops came in and sold the higher strike calls on a pop.  It was not good.

The light bulb has been flickering all day and then, I decided to try some new moves:

1. Position for a fade on one of the day's biggest gainers: F
2. Position for potential economiss with earnings announcements: CRM (CRM beat, which means I might get beat up some more tomorrow as during Extended Hours, CRM is +7.22%)
3. Position for a big directional move: FB + SPY
4. Position for potential Syrian action: BA + XOM
5. Position for some fun with The Maharajas: EPI

It appears differences at the UN may create more delays...  

At stake: Cameron and Obama's credibility...  Do we really need to get involved?  


+1.72% SBA
-2.23% Roth IRA

+0.11% DJIA
+0.75% Nasdaq
+0.20% S&P

+0.82% FTSE
+0.71% Eurofirst
+0.91% Nikkei
-0.19% Shanghai
+2.25% SENSEX
+0.84% Hang Seng

-1.96% WTI
-1.91% Brent
-0.59% Gold
-1.82% Copper
-1.54% Corn

-0.70% EUR/USD
+0.60% USD/JPY
+0.57% EUR/GBP

+0.26% DJT
+2.37% VIX

-1.11% 10-Year US Treasury Notes

60% Advancing Issues on NYSE                     |   63% Up Volume
36% Declining Issues on NYSE                      |   35% Down Volume
4% Unchanged                                           |   2% Unchanged
28 New Highs   |   41 New Lows

68% Advancing Issues on Nasdaq                  |   73% Up Volume
28% Declining Issues on Nasdaq                   |   25% Down Volume
4% Unchanged                                           |   2% Unchanged
62 New Highs   |   19 New Lows


Today's Major Headlines:

331,000 Unemployment Claims vs. Forecasts of 330,000 vs. 337,000 Previous

2.5% Preliminary GDP q/q vs. Forecasts of 2.2% vs. 1.7% Previous

Google's Soap Opera Is the Talk of Tech

Obama and Cameron under pressure to win over sceptics at home