Sentiment Update

My sources (a few of our member's, but one in particular) who monitor the Twitter/StockTwits stream had this to say, which is very telling...

"My twitter stream is mostly quiet, it seems the bulls were expecting this but not quite to this degree.  Here is one of the tweets:

"many cry no pullback .. then we get it.. and no one buys !! LMAO!!! $SPY $C $JPM $TGT"

So there's the taunt by one of the "Buy the Dippers", the lesson the bulls who missed out on this move is simple, "When the market dips,even if it is a big dip that looks like a crash, BUY IT! 

That's the message Wall St. wants to send, for those that bought the "Dip", that Pavlovian behavior is reinforced, for those that wanted to, but didn't, won't make that "mistake" (sarc.) again, GREED WON'T LET THEM!

For the shorts that might have jumped on the momentum bandwagon, they were stopped out on an emotional opening move so Wall St accomplished EVERY THING we said this move was for last week.

We of course took on quite a few calls, some to hedge positions, mostly to make a few extra $$$ in this volatility as we are in short term trade, "Hit and run" mode, but we weren't buying dips, We were following underlying trade signals, as I said last night, this move was set up last week, I showed you last week, I even opened a lot of calls. This is the way the market works.