07/22/2009 After Bell Quick Summary


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Well, finally there’s no more sentence about “78% chances a green close tomorrow” which I’ve been saying for 5 trading days. And it turned out that 7x% is not something that I could simply doubt with some other reasons.

CPCWatch

Also I consider this morning’s gap down as the end of the firework trading setup.

Firework

As for tomorrow, except still overbought, I have no idea. Just I noticed that $CPCI is very high today at around 1.7, recently this kind of high readings happened after a series of down days and led to a series of up days thereafter. I cannot show the chart now as the CPCI chart doesn’t read correctly on www.stockcharts.com until 7:30pm ET.

 

Sorry, just got reminded that both SPX and VIX were down today which means 9 out of 12 times recently, an up day tomorrow.

SPXVIXWatch

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