Can The Market Get Any More Nervous?

Yo Pit Crazies, Option trading involves cause and effect – SPX goes up and VIX goes down.  Right now, we’ve had 29 out of 32 days where the SPX has closed within 1% of 4130. That’s an astounding number. Market stuck going nowhere yet with a .64% drop in SPX, VIX was up .87.   Way […]

Stocks Not Going Anywhere … For Now

Yo Pit Crazies, Right now the market is waiting for a couple things: Progress on the Debt Ceiling Another bank to fail or not fail If the Fed will stop raising rates The fact that these are all related is not lost on traders. I can recall the market pulling back liquidity when it’s waiting […]