VIX ahead of where it should be.  Normally you could expect about +1% and given that it's ahead of the weekend, where we should have some compression of vol, the move is even more impressive.  People are very worried about Russia

It's a good play. Except implied levels are quite low to sell premium, but generally not a bad play at technical spots.  I've been doing that on GLD.  long august, selling weeklies at moving averages

I want to be long these miners but with GLD bouncing its head off that 50 day it's tough.  Through 130 on GLD and it's up up and away though.

Thanks.  Good to know. 

GDX and gold stocks are giving us a gift if this is truly going to be a large turnaround in their fortunes

USO testing the 13 day EMA but the 21 day at 36.80-ish could be in play

A few stocks backtesting breakouts.  ACAD VVUS WCRX WPRT HAL (little shoulder) FCX (nice one) JASO

WLT taken to the shed today on a dividend cut

How can we take one of those tutorials Matt?

usually risk 5 to make 1 or worse.  all you need is one bad one to kill a lot of good ones.  I don't like that play

Nice double bottom chart.  Thx

wow.  implied vol is very very high on it.  it has been a nice covered write of late.  wasn't it a takeout candidate up around $40 a couple of years ago?

Don't know if anyone mentioned WLT but it's a rocket.  Maybe a rehook on a pullback...

3 russian carriers dropped the iphone

Gonna answer my own question with this: 

http://www.etftrends.com/2013/07/big-differences-between-two-solar-etfs/

Is there a decent solar ETF in order to spread your risk a little more?

yes, the week 4 straddle is a big time buy.  very underpriced

AAPL implied vol very very cheap.  options are implying a 5.5% move on earnings.  typical would be 9%.  23.50 for the at the money straddle

Break out on chart.  Supply issues have been know for a long time, only now that the chart has broken to the upside people can assign the reason for it.  Headlines are such a waste of time.

VIX futures getting really crushed today.  farther out months still pricing possibility of panic.   SPY implied volatility very low considering what's going on in the world.  I would be a buyer of August under 13 vol.

I guess that 1650 spot you showed on the chart might be short shakeout area.  Matt, how do you calculate pivot points?