Market made a new low and then had a decent bounce. Was it the bottom? Who knows. Tomorrow the ECB decides on rates and Friday is jobs #’s. Both can be catalysts.
TWTR beat, but currently trading lower. We’ll see how long they stay in the penalty box for.
P also beat and trading lower; I think on guidance. GS was super bullish so now they can buy it lower.
YELP another beat and after bouncing around unchanged is currently up a bit.
There was heavy call buying of the April 90 QQQ‘s today. But who knows if it means anything. Those weekly 181 SPY buyers obviously had it wrong so….
KO is taking a 10% stake in GMCR
LNKD reports tomorrow. Current weekly IV is 140%. Options pricing in + or – $20.7. Here is open interest not including options traded today.
Chart of the day: If you had a bad day at least you didn’t own DDD. If you did, then sorry :-(.
Tweet of the day: no one made me laugh today. Step it up people.
Remember all last year when people kept saying “the market is never going to go down.” Well…..
