Wednesday, October 23, 2013

Are the Bulls Still Secretly Buying the Dips?


Looks like it!  DJT managed to push higher today in spite of a slight downtick in the SPY whilst hundreds of stocks are still hitting new 52WHs.  I'll keep an eye on these everyday to see if there are any heavy duty triple digit stock prices with heavy hitting P/Es.

I held onto my SPY puts, but added some homebuilders for tomorrow's New Home Sales.  I also jumped into a cheapo AMZN strangle in anticipation of some crazy prices with the AMZN earnings announcement.  

Crazy prices for crazy markets!  ETFC missed by a penny and was down -6% at one point in Extended Hours Trading...


-1.59% SBA
-2.03% Roth IRA

-0.35% DJIA
-0.57% Nasdaq
-0.47% S&P 

-0.32% FTSE
-0.63% Eurofirst
-1.95% Nikkei
-1.25% Shanghai
-0.47% SENSEX
-1.36% Hang Seng

-1.27% WTI
-2.20% Brent
-0.79% Gold
-2.09% Copper
+0.91% Corn

-0.41% GBP/USD
-0.82% USD/JPY
-0.83% EUR/JPY
-0.40% EUR/GBP

0.86 Put / Call Ratio

+0.69% DJT
+0.68% VIX

0.042 Treasurys | DTCC GCF Repo Index
0.055 MBS | DTCC GCF Repo Index

-0.78% 5-Year US Treasury Notes
-1.07% 10-Year US Treasury Notes

44% Advancing Issues on NYSE                                |   31% Up Volume
53% Declining Issues on NYSE                                 |   67% Down Volume
3% Unchanged                                                      |   2% Unchanged
157 New Highs   |   12 New Lows

38% Advancing Issues on Nasdaq                             |   22% Up Volume
58% Declining Issues on Nasdaq                              |   76% Down Volume
4% Unchanged                                                      |   2% Unchanged
165 New Highs   |   23 New Lows


Today's Major Headlines

Scramble To Buy Spanish Banks' Bad Loans

US DOJ Mortgages Probe Targets 9 Banks



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