Three minute bars of the Lazy Man at mid day show the pack has calmed down a bit after the uber opening when the NYAD hit 18 (it’s now settled to a more rational 5.5). VIX options expire today, down 6% to 14.30 at the open but now stabilized at 15.35. Small POMO today, no POMO on Thursday and markets closed on Friday are likely to produce at least a temporary pullback in the midst of this earnings season. Amidst the widespread momentum today XLF, although in the green, is the weak hand. TLT is at the upper resistance and is due for a pullback to the 92.50 area.
Related posts:
