Monday, July 11, 2011

Market Smack-Down

In the battle of technicals vs fundamentals, on this day fundamentals are winning.

I just dipped my feet back in the water with some calls on the S&P. While vol has spiked today, a level below 20% considering everything going on in the world seems cheap and indicates the market may prefer to move higher. No way I (personally) would be buying outright here though.

Source: Yahoo Finance