Private Post – This is short covering #ES

Most rallies start with aggressive short covering….

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Market Update – Comparative

The SP500 turn negative today, this is the second time this year. Last time it was in Feb2018. This time, the VIX index did not run at historical speeds. In Feb the SP500 went down 12% in 6 days, including today the SP500 in trading at a 10% discount vs the prices 15 days ago.

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Divergence on FANG Stocks $AAPL $AMZN $FB $GOOGL

Dow futures printed a new high overnight. Now, major indexes are having inside days. There is divergence on FANG: $NFLX +0.42% $AAPL -1.03% $AMZN +2.7% $FB +0.12% $GOOGL -0.54%

$GOOG

Nasdaq at the highs because of Google                     Google gains billions in value as YouTube drives ad growth Google’s shares soared as strong growth in YouTube viewership allayed concerns about Facebook’s push into video. SPX still strong

Weeked Video: May 11, 2014

Video Update May 11, 2014 Contrary to what I read over the weekend,  I see the market trading higher this coming week.   If you liked please comment the video, if  you did not tell me what you would like to see!!                          

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Reducing Market Risk

Selling continuation Leaders like $GOOG, $FB, $LNKD and $PCLN are down.