Friday, February 27, 2015

We are close 4.94%

This 4.94% has picked every top for the last few years based off of the 125 SMA.
At 2115 SPX we hit that %+, sure it could range for a few more days but chances are something big will blindside us.The end of month window dressing is over etc. Greek rethink,Fed funds etc.
The VIX is also in place to rally. I bought some June 14 calls on the vix they seemed to be the cheapest option around. OEX and SPX were priced to perfection.
Happy trading Jerry O
BTW the kidney stones were removed, very painful, today first time no pain at all.