Way More Fun Than Last Year! #SassyMusings 4/15/14

I said it yesterday and I will say it again today….this market is on crack yo!
Last year the bulk of my profits came from swings, but in this environment you can make so much intra-day if you play it right and have no overnight risk.
And the greatest part is if you miss a good trade then who cares – in a couple hours you can probably catch it in the other direction or just go to the next one.
TWTR rocking it today. I said this this morning in my private twitter. I didn’t think it would happen today, but damnnn!
TLT made new highs today. It did give up some, but wasn’t a complete reversal.
VIX barely spiking so the fear isn’t really there yet.
I still think we have lower to go before we bottom for this current correction/pull-back, but having a great time taking short term trades in the mean-time.
Don’t be mistaken by the dip being bought day after day. This kind of volatility is not a sign or a healthy market. Having said that, you should definitely take advantage of the wild price swings!
It will be important to see how the high flyers react to earnings. That will be a big tell and it starts tomorrow with GOOGL.
Yellen speaks tomorrow afternoon and I’m going to guess that it will probably be market moving. Of course I only say that because everything is market moving right now.
Chart of the day: LOL – 15min chart
Tweet of the day:
Let’s see if the boys can give the VIX a pin right between 15 and 16 tomorrow morning at expiration.
I can’t believe it’s only Tuesday. This trading is fun, but exhausting!