Good morning. Happy Tuesday. Yesterday was a relatively boring day until the last hour when the indexes sold off to close at their lows. The VIX nudged up but the put/call ratio dropped. It’s not a great sign for the market to be sitting at support when sentiment indicators suggest there isn’t much fear out […]
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. It will be another weak open for the cash market. Thirty minute before the open, Nas 100 futures are down 9 (0.78%) and SPX futures are down 9.25 (1.1%). These numbers aren’t horrible relative to last Friday’s close, but compared to their overnight highs which […]
Before the Open
Good morning. Happy Friday. Coming off a fantastic reversal yesterday, it’ll be another significant gap down for the cash market. Typically gap downs within uptrends are buyable, but yesterday’s massive rally can hardly be considered an uptrend. 30 min before the open, Nas 100 futures are down 18 (1.46%) and SPX futures are down 14 […]