Investors Buying The Dip

Investors are buying the dip once again with heavy call buying at both option exchanges. In the context of a down market this is usually a rare event, but one that has been occurring more frequently in recent weeks. This is not something the bulls want to see.

2 comments:

Chaos! said...

Agreed. Should be more Put buying. Starting to lean short again. Expectations for coming earnings strike me as too rosy.
AA reported well and has traded down in an up market ever since. JNJ showing today what disappointment does.
Market is tired.

Anonymous said...

Hey budz,

Mkt is trying to hang on here and try to bust through this top. I mean this time for real. Should have gone down by now if we were supposed to go down. U know what I'm saying dawg???