look at nugt...lol commodities having their way since the dollar took a crap after the jobs report haha
Anyone with options knowledge able to tell me the % move being priced in for the Restoration Hardware (RH) earnings today in after hours?
A couple signs of caution, in this sea of faceripping. Some Chinese stocks taking a hit (EDU). XIV (the inverse VIX) pushing on a resistance.
at one point the 10 year was at 1.69%....and gold is ripping....something is up. i know gold and markets can go up at the same time, but the 10 year too? and the vix was slightly up today? what the heck is really going on in this market, the markets keep going higher, and the more scared people are getting, that is interesting, its like everyone is waiting for this big market swoon to come, the more bears there are, the more the market will go up in their face. not going to lie, im waiting on this swoon too, lol. but i aint shorting anything right now.
I think the huge outperformance by oil is propping up stocks.. at the same time though, utilities and O&G is all that's really getting propped up. There's quite a bit of risk off going on for a market supposedly primed to hit new ATH's. Out of the top 10 performing stocks YTD in the S&P, only 2/10 are outside of the commodity, utilities, and O&G sectors. All very defensive plays. Although a quick look at the past month has seen a rotation into semiconductors it looks like.
lol yeah the SPX and VIX have been moving together since Friday, very strange. Only explanation I know is people buying puts for insurance. I can only assume it's the VIX getting some slack so it can drop now and push the SPX even higher. Medical instruments had a great day today and coming out of bases (EW, ISRG, BCR which is also buying back shares, BSX, BDX, HSIC).
might have something to do with the bizzare low yields on our 10 year and the german bund, maybe. or it can be just everytime we get above 2100 people get the urge to sell, who knows?
