Market is feeling a little topi here. We have been opening flat. Go down then either end down or flat. Could be because it is Aug vol.
Good luck today, "in trading, it's not about getting the top or the bottom. Be great at picking direction/trend & make the meat of the move.
$SPY everyone knows valuations are stretched..we keep going higher as invested $ needs to go somewhere..yields elsewhere are crap
Nikkei getting pummeled as central banker incompetence fails to stem bear market in Japan. Short central bankers, long volatility.
Strong move in the $ putting some pressure on oil, it's time for energy to pass leadership to other sectors, market finds ways to rally
Relax until Friday. Yellen could shock us to price in a hike...then slowly rise the markets after the dip into elections.
Oil dumping. Ignore it, doesn't matter. Bull thesis requires us to reject the 'correlation' between SPY & oil until the next green day.