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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.44+1.6%Nov 10 4:00 PM EST

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D.Austin
To: GROUND ZERO™ who wrote (52254)6/24/2013 8:46:58 AM
From: robert b furman1 Recommendation  Read Replies (1) of 218670
 
Hi GZ,
As you know I mostly watch semi stocks.

In general they have enjoyed a nice run up for the last 6 months.

If you look at the open interest on Amat or Intc there are more calls out there than than there were puts.

With the nice run up these stocks have had - there is no doubt that the MM has had some iniventory sold off by calls being exercised.

June was quadruple witching ,which created some additional volume.

My spin is we'll see a quick but short sell off as the boys want to reload their inventory of stock - of course they always do this wanting a discount ed repruchase price.

There is a lot of fear mongering noise out there - when most frequent data show us to be in a nice recovery both in auto's housing loan demand and semi sales.

The recovery is getting traction and historically low interest rates have helped us regain a footing without Armagedon around the corner.

It is time to raise interest rates and let the savers benefit from their positions.Bernanke has impoverished many savers over his reign.

All this alarmist crap comes two weeks before earnings of the American corporations once again point out we are in a recovery.

Grab the dip,and chill witht the crash/collapse noise is my humble opinion.

Hope you and your better half are doing well.

Bob
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