Absolutely...good spot for long volatility with some time to play out.

Hadn't read today's WSJ before that post - there's a story on the 'Yellen Call' replacing the 'Bernanke Put' - she shouldn't take all the blame for the Greenspan-Bernanke tulip era, but she's the fall-gal. Sorry, grandma!

2nd big fade of ECB on top of bigger fade of BOJ - central planning put is expiring

Sad ending to a sad legacy at Chesapeake.

Ken Fisher is a closet indexer. He doesn't stray more than about 2% from each sector weight inside the S&P500.

The once great investor became a crony deal-maker, book-talker & political hack a long time ago. And, once he strayed from his own rules, he became a bad investor too.

Happy Leap Day tomorrow. Single men who want to stay that way, watch out.

I'm always suspicious of that kind of pre-earnings ramp. Probably an even bet that it's institutions getting retail to chase & selling into them. That's also a form of 'someone knows something'! 

WYNN is a good example of an hourly setup for a trade from extended levels with no daily divergence yet. Just for the nimble until you get the larger timeframe in line.

May have mentioned this before. A supplier to WMT told me recently how badly the company has deteriorated due to complacency in middle management. Not relevant to a short-term trade, but a reason there may not be a repeat of 08's outperformance in similar conditions. Something like long DG (or whatever emerges as a low-cost performer), short WMT may work.

Unless there were bad prints, price went there. Still a bullish pattern.

Your drawing cuts off price; the pattern was a higher low.

His buying dates make it probable that he bought higher than the bounce on average.

Uncle Warren's investments are getting as questionable as his politics/economics lately.

F'NG lagging; only AMZN outpacing. Doesn't look like risk really back on, at least yet.

Could be. Wasn't talking about today for equity/oil risk. OVX remains over 70 even with a large drop today.

If that's all that oil can get out of an oversold, headline-induced rally, risk remains high for equities.

Exactly. Venezuela's problems solved.

Who was buying this dog into earnings? Earnings = Pandora'sBox

The Saudis are pretty clear that they want our shale business bankrupted before they move on production.