The relative strength comparison didn't look well. Nasdaq didn't have any leadership today. S&P 500 didn't close above 760 level. It means the possibility of breaking down is a lot higher than 2 days.
I haven't made any adjustment to my option position yet. The probability of losing is a lot higher now. I will make adjustment in the coming days.
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Mortgage rescue plan
17 years ago
Although the market looks as if it is in the cliff of major breakdown, there is no fear in the market as indicated by VIX. VIX doesn't spike up. Why?
ReplyDeleteSomething doesn't look right.