Bulls got lucky today, I think this could have been a far worse day, seeing the DOW only off a little over 100 points was nothing to worry about.....should be interesting to see how the rest of the week goes since we are rolling into september and the only thing people are worried about are rate hikes, little do they know is that they are wasting their time even thinking about a rate hike, the fed isnt moving in september, which should come as no surprise to anyone...
On AUGUST 24th 2015 the VIX saw its biggest INTRADAY GAIN EVER!!!!!! I think thats an interesting fact since we didn't see that kind of movement in the VIX during the crisis on an intraday basis.....I think the markets are in for quite a surprise....
Still punching myself in the face for closing that VXU5-VXV5 spread. It was profitable but left about 4x on the table. See this is another reason I despise CB meddling in markets - you can never predict when they will or won't be there. So one tries to set reasonable profit targets knowing that the PPT will show up around the same area. Then they don't show up and you close a trade that had way more potential. Same thing in China markets.
Mantra? Monthly closed -6.26% and below Jan/Feb lows, I would reiterate your mantra, as this and next at least couple of months are likely to be not so hot for the bulls.
Amen...we no longer trade the markets, we trade our anticipation of Fed intervention...Granted I remember talking to a Yen trader 12 years ago and he said the same thing about BOJ intervention...