Weekly Poll: Don't Short A Dull Market?

max pain:
SPY 110
QQQQ 45

we are less than 1% away and 2 days to go. according to my limited understanding max pain should be a decent attractor when the underlying is so close to it.

 

Tomorrows job report will move markets especially if the number is 495k+, 500,000+ and the markets are headed further down rather quickly.

 

Does this imply that the week beginning August 23 is likely to be bearish?

 

Somewhere in cyberspace is a blog entry from someone who studied the day after op ex Friday minutely, and decided that there was no correlation between a down op ex Friday and an up Monday after, or vice versa. So, no.

 

I think still their are no chances of improvement

 

And 500,000 it was, futures turned south just as expected.

Dow futures were up 50+ now down 15.

Going to be an interesting day, let's see if the bulls can turn this market back into the green.

 

never underestimate the power of skynet!

 

today is a good illustration of problems with short straddles: a large market move and those short straddles don't look so good.

 

TJ Shortie Out (for Thursday's action)

 

It depends on which straddle, and when.