Worrisome divergence between tech and the rest of the market basically lol. A market not being led by technology. Nasdaq going down right now.
remember, most tech companies were against Trump in the whitehouse, so, maybe they're thinking there will be repercussions ?...I can't see it happening, but wallstreet is a little weird sometimes.
Thanks. Yes, it is better than the bank. of course vxx would start dropping like a rock as soon as I sell - facepalm
Wow tech really lagging today Are they being used as source of funds again for people to buy sectors like the bank and transport?
nice! although i can't say that i saw us wiping out today's pop entirely! crazy. that would be hella interesting if we were to close on the day's low here. (i'm not holding my breathe on that outcome! we know about BTFD all too well lol) today's high on the /es futures was again made in the RTH session but it doesn't look like we had as much of an excess on the top like we saw on thursday. doesn't quite have the characteristics of an exhaustion/blowoff look to it if you will. anyway let's see how the close goes. only about 50min. to the bell.
IWM now in red too My thinking is the top won’t be in until the House and the Senate agree to one same tax bill, but I could be very wrong Pretty sure the market is now pricing in the tax reform will get done though, we should see some nice correction if the tax reform doesn’t happen
grabbed a few call spreads on the VIX ( expires next week ) just in case of a crazy swing $11.5 / $12.5 for $0.25 possible max ROI = $1 GTC order in for $0.75
Good luck I have no position on any short term trade now, will be interesting to see if we see some more pullbacks tomorrow though
