Yen Continuation

VIX HEADFAKE

 

VIX broke its trend line from the March lows on Friday, falling below 1240 and hitting 1199.  This quickly recovered on Monday as the VIX traded back above this trend line, creating a headfake. Thus far, this head fake has led to a squeeze back to retesting 2 week resistance at 1400.  Pullbacks down to 1240 now offer new support based off this 1199 low and a weekly close above 1340 is bullish. Earlier this week, SPY Implied Volatility was 10.16% vs Historical Volatility of 11.73%, according to a 30day average from IVolatility.com. 

RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS.  AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.

Juicy Solar City (SCTY) Reversal

Disclosure: I own SCTY puts.

SP500 / DOW WEEKLY CHARTS

RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS.  AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.

Saturday Rock Blog: Something About You

The Twitter Top or How the market tanked to celebrate the $25B Twitter IPO

Happy Birthday TWTR!!

Disclosure: I have no position in TWTR, but I wish I had a million shares short from $48 today, holding for $10.

 

Sunday Rock Blog: Take On Me (a-ha)

Saturday Rock Blog: Everybody Wants to Rule the World (Tears for Fears)