It's a slow opening so far. Blue chip stocks have opened about where they opened yesterday, and are barely moving.An eight-day chart how little movement there has been, as the SPY etf meandered between 112.98 and 115.14. What the market tooketh a away, it gaveth back, usually on the next trading day.
Update: Excitement at last. After this was posted, the blue chips showed a bear signal and dropped below the low set the last eight days. So perhaps volatility is picking up.
The VIX, sometimes called the fear index, opened within yesterday's trading range, and then dropped 1.7 percent. Less fear is supposedly bullish for stocks.
The Treasury long bonds are at the top of yesterday's range. Gold is down, oil is up, and corporate junk bonds are going nowhere. Among my holdings, potential pps bear signals on CVS and PALM. CVS isn't moving, and PALM has declined by 1.9 percent from yesterday's close. Yawning mightily over coffee, let's do the numbers: |
- Blue chip stocks (SPY) is trading at 113.52, entered bull mode at close on Jan. 19 (at 115.06)
- Fear index or volatility (VIX) 18.44, bear (bullish for stocks), Jan.5 (19.35)
- Treasury long bonds (TLT) 91.84, bull, Jan. 12 (90.32)
- Corporate junk bonds (JNK) 39.66, bear, Jan. 13 (39.85)
- Gold (GLD) 108.11, bear, Jan. 12 (110.49)
- Oil (USO) 38.13, bear, Jan. 12, (39.63)
- Dollars per euro (EUR/USD) 1.4066, euro bear, Jan. 15 (1.4385)
- Yen per dollar (USD/JPY) 91.34, dollar bear, Jan. 12 (90.97)
- CVS, iron condor (p29/-p31/-c34/c36) 33.54, bull, Jan. 5 (32.85)
- PALM, covered call (s/-c13) 12.44, bull, Jan. 6 (11.23)
Topics:
S&P 500, SPDR, Spiders, Treasury bonds, high-yield corporate junk bonds, gold, precious metals, oil, petroleum, CVS, pharmacies, drugs Palm smartphones cellphones.
No comments:
Post a Comment