According to Beat the Dart, current key level on SPX is 812: “If it breaks the shorts would need to cover — massive margin calls.”
readSource: The Globe and Mail, Report on Business We now know a lot about how decision-making occurs within the brain. For example, we know that
readWow, a pretty extreme reading this morning. This can’t last! Way more calls being bought than puts. This is a contrarian indicator, meaning — the
readCall-to-Put Ratio This is seriously overextended. This morning I couldn’t believe my eyes – it went back to bull market levels in one day! Notice,
readI’m Ursa Minor at the moment 🙂 and if there’s a pop in the morning, I’ll go full bear. Here are some charts to back
readFutures spiked as this news hit the wire. Citi shares in Japan were up 12-15%. Source: WSJ Taxpayers Could Own Up to 40% of Bank’s
readClick charts to enlarge BKX – Bank Index Chart Banks are on a death march. If there’s some good news brewing, the market is not
readClick charts to enlarge BKX Bank Index Former support level at $25+ is now resistance. Note, there’s no open gap in BKX. XLF XLF has
readI’m short [[FAS]] – triple financials ETF (from $17+ – left that trade running while away). Trying to see where financials will go next. As
readClick chart to enlarge, all comments and analysis are on the image today If we weren’t in a bear market, I’d be looking to get
readR1 $885.67 S1 $859.59 R2 $901.07 S2 $848.91
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