sp'daily5
vix'daily3
Summary
Well, for those who bravely shorted the Bernanke spike, today has turned out to be the best day since mid April. Congrats to those who did!
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*I am back on the sidelines after exiting an IWM - short index, position.
Will see to re-short later tomorrow, AFTER the QE-pomo of 3bn has filtered through.
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UPDATE 3.14pm...indexes seem stuck.. sp'1657...I won't be surprised if we jump into the low 1670s tomorrow...and that would merely make for a good re-short level.
3.24pm..ohh the humanity..the clowns on finance TV are looking a little concerned. After all, gods forbid the market close down 1%.
Perhaps someone should request an emergency QE-pomo before the market closes?
3.45pm...a bounce of 1% seems likely into early Thursday...
Bears beware...QE pomo 3bn tomorrow..10am.