Unpresidented VIX Spike Suggests A Positive Week Ahead

Discussion in 'Trading' started by shortie, May 9, 2010.

SPY Next Week

  1. Bullish

    34 vote(s)
    57.6%
  2. Flat

    4 vote(s)
    6.8%
  3. Bearish

    18 vote(s)
    30.5%
  4. I prefer not to say

    3 vote(s)
    5.1%
  1. Large short option seller strike 45 May. Markets will calm down in the next days.
     
    #11     May 9, 2010
  2. pookie

    pookie

    Apparently, the president is not involved.
     
    #12     May 9, 2010
  3. Let me rephrase that not long live Longie but Longie is alive at least for one week...

    Sorry for that last post it was as weak as last week.
     
    #13     May 9, 2010
  4. no problemo! looking forward to the coming weeks! not everyone will survive that's for sure. i hope i can take advantage of the volatility and make a few $$.
     
    #14     May 9, 2010
  5. heech

    heech

    I'm mostly cash at this point. My take is that upside is limited, however. No matter how well the EU issue is handled... What's the upside? Back up to 1190 on the S&P? That's about it.

    What about downside? 2010 lows in Feb were 1050, and second half last year.... 980? 900? I don't know where the bottom is, and neither does anyone else. If I were running a long only fund, I'd be taking profits and asking questions later.
     
    #15     May 9, 2010
  6. the trend is still intact (even though trends only exist in hindsight, to paraphrase a former ET poster).

    with that in mind, I'd venture to say we might have a positive week ahead.
     
    #16     May 9, 2010
  7. what will determine the end to the uptrend? if Feb low is breached?
     
    #17     May 9, 2010
  8. gkishot

    gkishot

    The upside here is much bigger than the downside.
     
    #18     May 9, 2010
  9. I closed all short Euro trades and have reversed. Therefore, I believe equities are going up too.
     
    #19     May 9, 2010
  10. piezoe

    piezoe

    Indeed, we were "unpresidented" for a short while after Kennedy died. :D
     
    #20     May 9, 2010