sp'daily5
vix'daily3
Summary
*I remain short, but I'll get the boot, if >1883/85 or so. There sure won't be any point holding beyond there.
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sp'1882...with Transports similarly close to breaking a new high >7627.
Dow just 40pts shy of breaking a new high...
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I just don't see where the downside is going to come from here. Bears look toast, and I'm about to be short-stopped.
10.06am... sp'1884... new highs....rest of the market will surely follow.
VIX -4% in the 13.30s...the 12s look due.
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10.13am.. Well, my core block of SDS has come within 1 cent of being hit....I don't see it holding.
Barring a complete reversal back to 1870....with a red close...this is just another failure.
Oh well...
10.28am.. Looks like the momo chasers are appearing, the R2K is really on the move, +0.8%..playing catchup after last weeks 3.5% drop.
More than anything right now, I just don't see how the bears can turn this around now. We have jobs data across rest of the week, and market will likely take that as a positive either way.
After all, if jobs <150k...the Yellen monster might even delay taper, right?
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**I was kicked out of my core short block.. with SDS breaking <28.00.
10.41am.. sp'1882.. I wish the market would break new highs for the Dow, Trans, etc..and get this over with!