1/9/09
888 SPX thought
Back to the handel theory... 880 would be the lowest I'd like to see the bottom of the handel form.
BTW the VIX is red at 41..strange...MACD still holding the cross
BTW the VIX is red at 41..strange...MACD still holding the cross
Muted reponse from Futures on Better than worse Jobs
Huh?!.... 550k or so lost. SPX futures at 912 up 2. I get the feeling that most people are looking at his now in disbelieve that while not hellish, but here we are in this crap and no uptrend or reduction in downward jobs momentum in site.
trade the trend for now.
1/8/09
$QGRI
NASDAQ Creates Index To Track Bailed-Out Companies
Joe Weisenthal | Jan 8, 09 4:19 PM
This is fun. The folks over at the NASDAQ have created a new index, OMX Government Relief (^QGRI), to track firms that have been bailed out by the government. The index will track, with equal weight, companies of at least $1 billion market cap, that have come to Washington cap in hand. It's mostly TARP companies, but not necessarily all. The index, which was set at 1,000 on Monday, is already down to 941.42.
Now in true style, someone needs to come up with a triple-leveraged short ETF to track this.
We also like this suggestion from Schaeffer research that the NASDAQ should've given the index a clever ticker, like FAIL.
Play for Fridays report
Jan option spread on SSO or other 2X ETF 5 to 10 % out of the money puts and calls. SSO 29 calls are $30 each and 23 puts are $35 each SSO is at 26.30 here. Options expire next Friday.
Little Lotto spread.
SPX in the mood to try 905 again here?
Fridays Employment number is the bet for traders...better than 700k lost, we scream to new highs. Worse than 700 k we gap down 250 pts within seconds. That's my story, and I am sticking to it...
The 15 min spx looks like a Head and shoulders is forming
880 or so would do it....crap just trade the trends for now and watch that VIX
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