Out of commission

Early part of Turkey week not positive.  In this low volume environment, 10-20 SPY points are a matter of minutes.  How many people are thinking “it must bounce mustn’t it?”  Such whipsaws are hard to play, there are option reversal strategies that may be put to use here, but not for moi.

The bank stress tests I was alluding to earlier are here. Nobody will fail. That is a preferred outcome for my student readers too, go find yourself on this status report and do the needful.