Sunday, January 18, 2015

OP EX Volatility....01.16.15

Another wild ride Friday as the markets reversed historical  patterns for weak Friday closes, especially on Op EX Friday's.  The rebound was widespread and the advance/decline line saw significant improvement after an early morning swoon so all eyes are on Tuesday's action to see if there will be a follow through to the upside.
One suspicious tell is that utilities are still leading momentum (see VEGA below),