Friday, May 10, 2013

Update

I'm not going to be able to update until after the close, but what I have seen and haven't updated yet are leading indicators. HYG had extreme distribution, TLT was accumulating suggesting a head fake and all of the divergences I want to see on the layout were present, from extreme dislocations in currencies, credit ,rates, etc. are all what I'm looking for. I'll show you these  when I get back. I feel pretty good about positioning, continuing to accumulate equity longs and put positions.

I also noticed today did look like an op ex day with slight 3c adjustments. TLT had to be pushed down to keep the market from dumping as bad as HYG  is and that's extremely important. I'll update as soon as I get back, but there's not much to do today that hasn't already been done. Thanks for your understanding.

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