Counterpoint to this...and very much why I'm happy to stay long: VIX is reflecting calls being bid-up. People are rotating out of the out performers and into the market performers (optionable and large cap equities).
No clue about long term, but looking for the day high around 15:30 today, so should be seeing some more upside, but not necessarily much higher. Would be very surprised to see a sell-off from here today, but who knows...
What happened to Bloomberg's economic calendar? When trying to access it through their web page, I just get to a general Economics news page. The one available on NASDAQ's home page looks similar to Bloomberg's layout: https://www.nasdaq.com/markets/us-economic-calendar.aspx Which calendar do you all use? PS: I don't trade on news.
Market looking very out of step with single name strength. I'm looking for some buying to begin here shortly.
Good (short term) read, @beerntrading. What did you see? What's single name strength? Would be nice if we could see 2900 today. Should (could) see some momentum if we clear 98,25 now.
Individual stocks are showing strength that isn't following through on the SPX. Lots of 52-week high stocks are running, but none of the big caps are taking notice.
Interesting. Do you monitor a basket of SPX stocks or simply looking at how many stocks are making 52 week highs? Do you find this valuable in short term trading ES?
Well, it's just my scanners have been getting progressively more focused over the last two weeks to look for early breakout stocks--so my account is sensitive to those types of moves which frequently lead the SPX higher.