A few observations

Posted on | Monday, March 15, 2010 | No Comments

On the recap vid I said the near term direction of the S&P was a mixed bag of dicks. Now that my vol is showing up on the cash index, paper sold the cash 3/9, 3/10, 3/12 but not the futures. NYSE sentiment while negative today is really weak. Values of +/- 20K and greater indicates a healthy move up or down. We're currently at -2,600. There is still tons of time left today but this move down is not at all indicative of a giant trend reversal, just small time selling. Paper's still bullish.

Related posts:
Market recap vid for week 3/12/2010
Market sentiment before the rally
How to interpret volume

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