BBRY getting destroyed pre-market.  Company done but patent value should keep the stock alive perhaps for a takeover

Agree - I mean we can climb this wall of worry for another day but not a bad spot to short.  A few factors are working against you though - Chinese govt will back their banks so no systemic risk there (whether they can do it properly is another question), GDP number was crappy (no quick tapper of QE) and Shanghai Interbank Rate has settled, but is still high.  Rates have had a big runup and so many world averages are on decent support.

Crazy confluence of indicators here - big breakdown on SPX daily, several moving averages, 68% Fib

Z a nice looking chart. 

ASTX nice support going back to November.  Has consolidated a little here

great call!  wish I had done something. 

Hi Robin,

What is the month to day returns?  And last month?  Just wondering what kind of numbers you're putting together, roughly speaking of course.  I know it can be different depending on each trader. 

8 day EMA there. Also about a 50% retracement of recent drop.  I like that call.  

You have to watch the vix futures to understand this product.  The vix cash has nothing to do with it.  Near term vix futures has more to do with it.  There is also roll yield involved I imagine, just like VXX. Volatlility has been bid for two weeks and is coming out now.  Market could be wrong but it is not expecting the 1%+ moves that we've been getting.  I would be a buyer of vol products down in the 14s on vix.

Vix futures are getting whacked even ahead of the FOMC.   I hope you're not trading this without having an idea of what it is.

Thank you, very interesting!  Time for the Fed to just stop this nonsense.  Rick Santelli had a great rant on CNBC this morning about it.  Enough's enough with this non-stop meddling in world markets.  They need to let market forces work at this point and let the chips fall where they may

Thank you for that.   I can see a slowdown worsening but a black swan?

You can beta weight your portfolio and purchase SPY puts or Vix Calls to cover it.  I would wait until after the FOMC since premiums are very high going into the event

Can you explain about the inter bank lending rate?  Also, how do we monitor that?  Why the liquidity shortage?  Thx

Nat Gas on fire today.  UNG

Be careful using VIX as an indicator. The VIX is bid for 2 reasons. Realized volatility has been very large lately, including today.  Up 1% today supports a 16 VIX.  As long as we are moving 1-2% a day vol will be bid.  Secondly the volatility markets are bid because of the Fed - people are nervous about what might be said so if the market response is relatively tame over the next two days you might see the VIX settle back to 15 but because of the first point I believe it still has a solid floor to it.

Oil breaking out

BBRY on a rampage yesterday on an upgrade.  Probably will rally into the earnings later this month.  Biggest earnings report in their history perhaps and option premiums are very reasonable

Not today!  This mkt is incredibly resilient

Came close to that SPY head and shoulders.  That will provide some resistance around 162.65

That SPX head and shoulders could be toast, which brings us down to last week's lows?