etfmsolutions: Alcoa Poops Out...10.11.16

Tuesday, October 11, 2016

Alcoa Poops Out...10.11.16

Glad I added that little caveat yesterday about earnings surprises...as Alcoa's grim numbers drops it almost 12% and the market followed suit with Illumina's bad report. The selling was probably overdone with SPY down to S6 but logic is not a tradable strategy as we have seen too many times.
A little update to the DN platform was sent to current users today that will help in the creation of true equal dollar value positions. Let me know if you didn't receive the update.
The benign VIX forecast has been totally wiped off the map as the VIX jumped 20% to 16+ so we'll hold off posting a sample narrow range butterfly setup....for now.
And then there's the TLT which we mentioned yesterday has a bearish skew. This is what we saw today although bonds recovered substantially by the close. Still...the trend is down.

From the Schwab Options Trading Desk>>>

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