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Unusual Options Activity Review: RVBD, FTR, YHOO, DRI, CTRP, KR, VTR, TER ...

01.01.70

Trading volumes picked up in the table of contents market, as the S&P 500 Index (.SPX) mystified .7 percent and suffered its biggest slump so far in 2012. 838,000 calls and 890,000 puts traded across the S&P 500, S&P 100 Forefinger (.OEX) and other cash indexes, which is about 1.5X the current daily average, according to M alert data. Meanwhile, CBOE Volatility List (.VIX) , which tracks the expected volatility priced into S&P 500 Listing options, jumped 2.16 to 20.79 and gained 21.4 percent on the week. The volatility list is moving higher due partly to the concerns over the fall short of of agreement between Greece and its creditors. Frances CAC 40 Pointer paced the decline across Europe with a reduction of 1.5 percent Friday. Yet, the declivity on Wall Street was orderly. The S&P continues to business quietly and has not suffered a daily passing in excess of 1 percent so far in 2012. Now, however, with VIX striking back beyond 20 and well

Source: The Options Insider

SPX Update: Barron's Does Its Best to Reawaken the Bear Market

01.01.70

In any trunk, we're getting ahead of ourselves. It continues to dither me that bears are as excited as they are, since it seems almost too easy. Of routine, this is coming on the back of a brutal rally, but still -- top picking generally speaking isn't so obvious that everyone and their mother can do it.

So onto the sign counts, which suggest to me that there's a only slightly more upside left in this thing -- possibly not much, mind you, but maybe enough to add some confusion to the image here. The first chart is the SPX 10-minute, which is starting to get a bit cluttered. Perfectly frankly, you have only yourselves to blame for the clutter. I already differentiate this stuff, so it's not like I invest all night cluttering up these charts to dodge helping out with the dishes.

Anyway, the alternate be confident of in black goes with the idea that swing 5 is over and some sort of top is in -- but the preferred add up believes there's still a little more upside red.

Source: Minyanville.com

Stock Market Top Are We There Yet?

01.01.70

Store Overview

Last week's heading was "NEXT Straight-TERM TOP IN SIGHT". By the end of the week, indices did enter into the picture to have run into some resistance. The SPX, which had a high of 1354, pulled-back to an intra-day low of 1337, and closed at 1342 - not expressly a significant reversal, just yet. The Stock Exchange will have a chance to expand on that next week, but it will have to show much more soft spot before it can gain short-term top repute.

Two cycles are at play which will decide the related-term fate of the market. A small-time one has already put the brakes on upward creeping prices. It may have bottomed on Friday, or has another day or two to go. However, the transitory-term trend of the market is more reasonable to be decided by the cycles nesting in the first week in March which could evict out to be either a market high or a market low. The next week will reproach us what to expect, but we need to keep in mind that there is an unfilled eminence to 1364.

Whether the high point of the rally comes a week or two weeks from now, there is no into question that a short-term top is forming. For the first circumstance since the current rally started in belatedly November, the daily chart indicators are showing natural weakness, and the contrary indicators are on the near to of turning up.

Source: The Market Oracle