Expiration Week is ON

Posted: March 15, 2010 in Trading

I find it interesting that the market is sitting on its year and one year highs here into the March expiration. Couple that with Michael Lewis on 60 minutes stating the obvious to traders last nite, that nothing has changed and you may have a recipe for the market to continue to roll upwards, just because everyone and their mother thinks we are over cooked to the upside.WHo knows, the volatility is damning in here, and as a trader there is less movement than there was in 2007 before the highs were in for the SPX. Intervention is greater than ever and volume is disappearing. Again, stating the obvious, but I don’t have to like it.http://www.vanityfair.com/business/features/2010/04/wall-street-excerpt-201004There’s the Vanity Fair Excerpt.

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