Tomorrow on the OPEN of the US market, the VIX will expire … and this might be the key to understand the recent rallye. Or maybe better … the end of the recent rallye. During the strong downmove into march, most investors were stunned, that the VIX (the measure of volatility) did not spike at [...]

Reasons: – We had now an EXTREME Sell Off. – We had a RECORD VIX reading AND(!) today a higher reading, not confirmed by lower prices. – The VIX made a reversal today … after hitting 81(!!!) we closed at 67. – Breadth readings are at all time low. – Today, EVERYBODY I talked to [...]

From the open … until the close … SELL pressure … JPMorgan, Wells Fargo, Coca Cola … all better … all did not matter All economic data was weak … Beige Book superweak Friday expiration … let’s see, who still has to sell because he sold puts “riskfree” Key for the market seems to be [...]

Interesting thing today!!! The FED announced, it will start paying interest on bank reserves. This will open the door to take over the money market as banks don’t trust each other. GOOD MOVE!!! At the same time, the FED said, it will DOUBLE the “firepower” until the year end. The FED is as well talking [...]

As I mentioned … I don’t want to get involved into the Q3 end action … And … as STUPIDITY reached new highs in the U.S. … and political Egoism stood in the way of a sound decision … We had a BAD SHAKE OUT(a little “crash”) … down all over the board at LEAST [...]

Markets defended the KEY LEVELS !!! S&P 1200 FDAX 5900 Now concentration is on the quarterly expiration NEXT FRIDAY … We hit a 5-year-high in the VIX volatility index … If there is no big NEW bad news … WELCOME to the recovery!!! Take care !!!

Here we go … SEC’s “short rule”, Wells Fargo’s dividend hike, chart supports, small VIX spike, down manipulated oil, margin calls, Friday’s expiration and the soon to be released earnings reports … Take whatever you want … believe the talking heads or have your own plan Nothing changed … it is still Benanke & friends [...]