John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Don Green who wrote (18866)

3/21/2017 6:28:45 PM

From: John Pitera

Read Replies (1) of 33421

The VIX closed at 12.47 today ...LOL....... how hypnotic is the trance that has fallen upon this market.....

we have had several days where the stock indicies were down during the day and the VIX was going down.....

the negative gamma on the options market is going to be a heavy gravitational pull downward into tomorrow morning... it should be a very weak open.

John

follow the junk bond market when credit spreads start to expand .... junk bonds are what is in the HYG

To: humble1 who wrote (25654)

3/17/2017 8:07:19 AM

From: John P

Read Replies (1) of 25688

Yesterday mid morning the SPX, DJIA and NDX where all down around a 1/3 of a % and the VIX was DOWN 1.75% on the day even with stock prices going down..... No fear...

the High Yield Debt Market says time should be arriving for a pullback, as witnessed by the HYG breaking down below it's 21 dma and remaining under it and violating the uptrend in place this past year ...

a pull back to the 50 dma or 2280 as Katie Stockton suggested last week.

Since this is a very parabolic move... possibly we continue to advance due north to your target prior to a correction of any magnitude..... little cracks appearing..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next