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| SPY (6%) off the highs. |
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| Vix futures in steep backwardation |
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| Ugly day for the markets |
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| YTD performance for markets. |
February 3, 2014
Ouch!
First trading day of the month, the SPY closed down (2.25%). The DIA is down (7.3%) YTD, thats ugly! The selling kept coming right up to the bell. Looking at the chart if we don't get some support here we could easily see 170 in the spy. The VIX was up 16.5% to 21.50. Coffee had a nice leg up again today, up 8.5% today and 24.25% YTD. Premium is getting juicy in a lot of stocks, I will be looking to sell premium once I see the momentum start to slow.