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A Trend Change? What the Open Interest Says for Next Week

Last week here I stated that the edge continued to remain with the bulls, but that I expected a slow and rangebound week. Obviously, I was wrong in that I didn’t see the range breaking to the downside; however, minus the drop on Tuesday, the rest of the week was definitely slow and rangebound. I also […]

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Have We Bottomed Yet? Next Weeks Game Plan

Last week here I wrote that we were likely to bounce, but also to make a lower low. Both did indeed take place. The question now becomes have we bottomed or is there more downside to come and if so, how far? A look at how oversold the market is: 20-day highs went below 5% which […]

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Fugly!!! #SassyMusings 5/15/14

Well I for one did not come into this morning expecting what we got. If you did, bravo! The good news is that when I got long on Monday, I took most of my profits already except for a couple runners (because you just can’t hold anything in this market). The bad news is I […]

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