Tuesday, March 22, 2016

Almost 8 days up

Yesterday marked 7 positive days on the SPX, and today was nothing of a pullback. The SKEW finally got back over 130 today, so a bumpy ride can be expected over the next few days, I suppose. 

The bulls are so in charge that any pullback in the overnight and early morning action is immediately the low of the day. The market closes near the highs of the day every day now for what seems like forever. 

The RUT call spreads are close to being at the money, but I wait for the pullback.