Thursday, October 3, 2013
Apparently, Dear Carl Icahn Is An Options Player...
At least according to Dr. J's article right here.
So I suppose he is the one selling my AAPL calls. If we don't bounce back tomorrow, some of my AAPLs will have to go into the bin.
I want part of the pie!
Note that the Nasdaq was the biggest loser out of all the US market indices, so a shift in sentiment appears evident. Over the past two days, people seem to have been moving money out of the US markets and into Shanghai and Hong Kong too. I wonder if I should do anything unilateral there?
We closed below the SPY 25 SMA of 1681.54 and the SPY 50 SMA of 1680.18 today and a close below that tomorrow could portend to more bearishness ahead with the -1.05% drop in the DJT confirming this...
-0.12% SBA
-1.50% Roth IRA
-0.90% DJIA
-1.07% Nasdaq
-0.90% S&P
+0.18% FTSE
-0.40% Eurofirst
-0.09% Nikkei
+0.68% Shanghai
+1.00% Hang Seng
-1.03% WTI
-0.43% Brent
-0.31% Gold
-1.33% Copper
+0.32% EUR/USD
-0.39% GBP/USD
-0.68% EUR/GBP
-0.39% USD/CHF
0.96 Put / Call Ratio
-1.05% DJT
+6.27% VIX
-1.87% 5-Year US Treasury Notes
-0.76% 10-Year US Treasury Notes
21% Advancing Issues on NYSE | 20% Up Volume
76% Declining Issues on NYSE | 78% Down Volume
3% Unchanged | 2% Unchanged
103 New Highs | 50 New Lows
25% Advancing Issues on Nasdaq | 22% Up Volume
72% Declining Issues on Nasdaq | 77% Down Volume
3% Unchanged | 1% Unchanged
131 New Highs | 23 New Lows
Today's Major Headlines
US Banks Fearing Default Stock Up On Cash
China To Invest 650 Million GBP On Manchester Project
Art Cashin Unhappy Markets Hit With Triple Whammy
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