Exuberance Continued

We are seeing continued exuberance and call buying at the open. I have added to my SPY short and will add again at the end of the day if the market continues higher.

5 comments:

Anonymous said...

You are very brave, this market is bulletproof. Where is your stop?

Mine is 1152 S&P futures and I do not expect to make it through tomorrow...

Good luck,

JD

Tsachy Mishal said...

I don't use hard price stops. Its more a matter of time for me.

Market Owl said...

ISE equity options index is through the roof, right now at 257. A rare reading.

Anonymous said...

Market Owl -- not familiar with this index. Where would you find it? What does 257 mean?

Market Owl said...

http://www.ise.com/WebForm/viewPage.aspx?categoryId=126&header2=true&menu0=true