Everyone Gets It Today
Everyone Gets It Today
The tape turns on a dime today – much to the chagrin of anyone who’s either bearish, bullish, or not a primary dealer. Oh, sorry – you didn’t get the memo at 2:46pm EDT?
That’s right – everyone gets it today.
3:20pm EDT: And now get read for the obligatory bounce back. VWAP reversion at its finest.
Oh, I sound a bit cynical today? Whatever do you mean?
3:33pm EDT: Here come the marines – just in time for the 3:30pm ramp up.
3:50pm EDT: No EOD wrap up today – need to catch up on some chores. Program trading update: All strategies took it up the ass – even geronimo had an early morning stop out. Another day like this and I’ll need a vacation again.
3:55pm EDT: I hate to be right on the snapback – sorry rats – but the script is so blatantly obvious these days.
4:07pm EDT: Someone asked for an updated BAA-TYX chart:
Not looking so hot IMNSHO – BAA keeps dropping and the only consolation for the bears is that the TYX is dropping along, thus keeping it from breaching the 2% mark.