Is Today A Holiday

The market is stretched and sentiment is starting to seem too rosy. Both the ISE and CBOE equity readings were showing a lot of action in calls and it seems like all the bears went into hibernation.  In my opinion the chances of the market getting a whack this week are high. The first dip is usually bought by those who missed the rally so I'm not sure how much of a correction we will get. We'll cross that bridge when we get there.

It felt like holiday trading today. There were a few times I thought my internet connection was down as my quote screen was barely moving. Have a good night.

4 comments:

Anonymous said...

OL DAWG. I THOUGHT GANGSTERS LIKE YOURSELF WERE SHORT CUNNILINGUS.

Anonymous said...

Hahaha that's a good one

Anonymous said...

Quote from Dave Fry:

Monday was quiet and featureless. There was an interesting press release from the Fed that investors haven't quite yet absorbed or reacted to. It's the second time in six months the Fed has discussed tightening in an oblique manner. Fed open market operations can drain liquidity from the system using "reverse repos". Like many have stated, including us, is when the punchbowl (easy money) is removed from the system, the driving force for bulls would be removed from the market.

Anonymous said...

yesterday was a holiday celebrated in Ukraine called woman's day. Not a good day to be short cunnilingus.