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Today I'll start with 2 views of the same ETF:

[ATTACH=full]114960[/ATTACH]

So above we have SPY x3 long. Would you (on this chart) want to go long (which is long the market)?

Below:

[ATTACH=full]114961[/ATTACH]

Would you prefer to go long this chart (which is short the market)?

The market generally, looks like this currently:

[ATTACH=full]114957[/ATTACH][ATTACH=full]114958[/ATTACH]

[ATTACH=full]114959[/ATTACH]

Bit of a move back to Treasuries, out of commodities, out of stocks. Now a 1 day fluctuation is nothing to get excited about one way or another. Except below, we have Bond vol. Which looks different to stock vol.

[ATTACH=full]114956[/ATTACH]

Stock vol. has an indeterminate trend line, one iteration could almost be argued to be supportive of lower vol. going forward (see yesterday's charts). Not so with Bond vol. Bond vol. always trumps stock vol. 

[ATTACH=full]114954[/ATTACH]

[ATTACH=full]114955[/ATTACH]

So, if this is accurate, a lot of vol. can be and is being, generated by the Bond market via Options, which we have seen. There are larger than average swings in PUT/CALL ratios recently, which added to the Robinhood traders, has generated some pretty big moves.

What does Mr flippe-floppe-flye think today?

[ATTACH=full]114953[/ATTACH]

Back to Tech. 

As we stand as of the moment:

[ATTACH=full]114962[/ATTACH]

Approaching the w/e which would you rather be? I remain, net short.

jog on

duc