Monday, March 17, 2014

Relief Rally?...3.17.14

Thanks for the comments on the new Gamma model.  I'll post a few variations to that model later this week that can be used to refine the beta balance of the components if things get nasty. 

For today, St Patrick's Day green was the theme and the markets took a breather from recent weakness.... although it was an odd technical level for a reversal so I caution that the all clear signal may not yet be in effect.

It's also unusual for the markets to simply gap up at the open and then hold fast for the rest of the day.
On the daily SPY Trader we're seeing some encouraging momentum in XIV (below).