Kind of a slow day on the market, But it was a busy day for old SEB. I gave a great presentation to the The Option Club this evening.
I took a look at GOOG heading into tonights earnings
read it here: OptionsZone
In case you guys weren't aware INTC is a market driver. I made my point at the Mid-Day, the market proved it in the afternoon session of trading.
As I stated last night, Intel earnings were great. This has cause Intel to rally, pulling up the rest of the market place after it. The Major indexes are all up around 1 standard deviation.
I mentioned an article by Adam Warner about possible plays in INTC. Traders who were willing to risk it are going to be happy they did.
The indexes were selling off somewhat hard this morning. At one point around 10:30 am EDT the SPX was down almost a full standard deviation.
I want to post a challenge to you Traders, read the poll to the left ...right.
I have to say I was shocked when I saw the opening price of the VIX, VXN etc. As any VIX watcher knows the volatility indexes should be UP on a Monday not down or flat.
I do not usually use this blog for personal use. Today will be a rare exception. Yesterday, the world lost a truly unique and wonderful man: John Kark.
Traders, the market is back to doing nothing. The market has been flattish all week. The only shocking thing about the market as of late is the total lack of shock!
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