Friday, February 18, 2011

2/18/11 Low Vol Op-Ex Day

like the last one.

Let's see, they (option MMs) would want:

AMZN below $185

GOOG below $630

NFLX below $230

AAPL below $350

So Nasdaq is dutifully in red, ever so slightly.

By the way, analysts and chartists have been saying this has been the late-stage rally, indicating this may be the major top. Calling the top has been a losing game ever since April 2009, but one of these days it will be the top. Whether it is next week, next month, or 10 years from now is anybody's guess, but we have Ben Bernank to the rescue....

Nothing to do here in the market but watch the silver squeeze (J.P. Morgue is trying its best to beat it back down) Enjoy your long weekend.

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