Fugly!!! #SassyMusings 5/15/14
OOPS
- Well I for one did not come into this morning expecting what we got. If you did, bravo!
- The good news is that when I got long on Monday, I took most of my profits already except for a couple runners (because you just can’t hold anything in this market).
- The bad news is I had some lotto plays that are dead. Lotto’s for me are much smaller so it is what it is.
- Once again we are having one of those weeks where it’s flat for a few days and then has one or two big days.
- Bonds and yields still have people scratching their heads and although I think TLT is way overbought and will have a pullback soon, higher is likely in the cards for the foreseeable future.
- Yellen speaks tonight so maybe she can pull a Bernanke and we open tomorrow over the moon. Or maybe she will pull a Yellen and that will be that.
- Tweet of the day:
- Chart of the day: Wish I could have predicted this.
- Regret of the day: Going long lotto calls instead of getting puts yesterday (well I guess that was yesterday’s regret, but not realized till today).
- Here is some open interest spam for you:
- Don’t expect a close over 600 on AAPL tomorrow.
- Don’t expect a close over 60 on FB.
- Who knows on SPY. This probably changed a bit today with the sell off.
- If you have a second I would love for you to read my post Focus on Data to Boost a Momentum Strategy
on The Street. Please and thank you.
Enjoy your evening. Check out a subscription if interested.