Thursday, September 19, 2013

Do You Vacay In Bombay?


Overnight, the Maharajas helped spike the Kool-Aid with an intoxicating +3.43% push higher on the SENSEX - a smokin' move that will surely go down in financial kama sutra history as pretty epic.  There was very little followthrough on the EPI though, which ended the day slightly in the red much like the SPY and the DIA.

All day, things were looking good for my Roth IRA, but then it appeared the Naked Call Sellers started coming in to take a bite out of my SPY calls.  

I will most likely look back on this week and lament the fact that I sold my KR calls, CIEN calls, and even FB calls way too early!  

A lesson from the financial kama sutra: I've got to control myself for lasting financial plaisir because it's clear you can't vacay in Bombay with the SBA and Roth IRA by letting your losses run and taking profits prematurely!

-4.61% SBA
-1.03% Roth IRA

-0.26% DJIA
+0.15% Nasdaq
-0.18% S&P 

+1.01% FTSE
+0.60% Eurofirst
+1.80% Nikkei
+0.29% Shanghai
+3.43% SENSEX
+1.67% Hang Seng

-1.69% WTI
-1.70% Brent
+4.64% Gold
+1.92% Copper
+0.82% Corn

-0.71% GBP/USD
+1.57% USD/JPY
+1.59% EUR/JPY
-0.75% EUR/GBP

0.76 Put / Call Ratio

+0.31% DJT
-3.16% VIX

+2.99% 5-Year US Treasury Notes
+1.48% 10-Year US Treasury Notes

40% Advancing Issues on NYSE                        |   37% Up Volume
57% Declining Issues on NYSE                         |   62% Down Volume
3% Unchanged                                              |   1% Unchanged
341 New Highs   |   13 New Lows

43% Advancing Issues on Nasdaq                     |   56% Up Volume
52% Declining Issues on Nasdaq                      |   43% Down Volume
5% Unchanged                                              |   1% Unchanged
240 New Highs   |   21 New Lows


Today's Major Headlines

JPMorgan Hit By $920 Million Whale of A Fine




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