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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