Live Update

Friday, March 19, 2010

03/19/2010 After Bell Quick Summary

OK, very very bullish Monday? Anyone still has a doubt on that? Although according to the Stock Trader’s Almanac, week after Triple Witching, Dow down 15 of last 22. So the next week should be generally bearish.

1

I saw two unusual things however, could have related to Triple Witching, please let me know if you know why, thanks.

The first one is right before the close, the index put volume surged suddenly pushing CPCI to an extreme level which I consider as bearish.

2

The second one is large block buyings were all over the big caps. Institutions are very bullish or it’s just a common option expiration day phenomenon?

3

Enjoy your weekend!

blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.