PM update:
Stocks rally as oil drops on the slow manufacturing data. Bonds are still weak.
We will have to wait for the post-close action in ES futures to determine the true nature of things. Right now, SPX short call options are being squeezed.
ER is at its 200 ema (740).
Stocks rally as oil drops on the slow manufacturing data. Bonds are still weak.
We will have to wait for the post-close action in ES futures to determine the true nature of things. Right now, SPX short call options are being squeezed.
ER is at its 200 ema (740).
This entry was posted
on Thursday, May 15, 2008 at 5/15/2008 01:04:00 PM.
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5/15/08 4:24 PMHey Marc..wow, Nas got to the 2535 level! I thought it could but it's just shocking to see it there!! An interesting chart I plotted was the S&P500 vs the (VIX rel to 50DMA) and it shows clearly how overbought we are. The plot is at http://www.indexindicators.com/charts/sp500-vs-vix-50d-rsma-params-x-red-x/
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