the Put Call ratio is way up today even though the market is up
that is telling me that the last wave down is being anticipated or hedged by the majority of options traders.
in other words, it won't happen, or it won't happen yet
a spike just under the lows at 825 futures into the close could set up a short squeeze wednesday as the FED cuts interest rates at 2:15pm tomorrow and declares that inflation is dead for the forseeable future
after all, the baby boomers just got their wake up call that they had better find some buyers for all their stocks and houses soon because they just took a big hit in the past year
one result is that rallies in home prices and stock prices will be dampened with this baby boomer demand until the US economy lets in more immigrants and creates more jobs at the same time
just traded up to 862 and now short from 856 looking for 851 quick scalp
watching oil and gold for a sign that the smart money knows that monetary inflation is just beginning and the bubble for "stuff" which began in 2003 is going to explode higher as economic chaos is sure to breed wars over stuff
in the defense sector ISYS moving through $21 is a good start for a run back over $25
in the gold sector the initial rally in gold stocks has faded
nothing else moving much
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