What a powerful reversal/follow-through for the US markets especially within a week of a 90% down day! Yesterday was a 90% up volume day when a powerful rally in S&P500 was joined by Dow Industrial (DJI), Dow Transports (DJT), Russell 2000 (RUT) and Nasdaq-100 (NDX). Nasdaq cleared 3,000 level for…
Apple Computers (AAPL) is set to announce, most likely, iPad3 during most anticipated event of the year so far. Almost every mainstream media site has a story to write about Apple computers. Apple fans start forming queues in front of the stores often days in advance, almost in every country…
Markets are rallying, but then why and who is buying those S&P500 puts? Why is there such a steep premium between VIX Cash Index and VIX Future prices. The Spread is at the widest. The CBOE Skew Index is in the top quartile, Credit Suisse Fear Barometer (CSFB Fear Index)…
Making predictions is a risky business. As a market participant, the best one can do is to make forecast and assign probabilities. Since my last post, markets have been grinding higher but the pace is slowing down. Nothing significant has been achieved on big picture basis. At times, I think…