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Market recap: The Dow and S&P recovered from a morning slide to extend their multi-year...

  • Tuesday, January 22, 4:15 PM ET
    Market recap: The Dow and S&P recovered from a morning slide to extend their multi-year highs, as earnings from materials stocks such as DuPont and Freeport beat expectations, which could mean the economy is stronger than realized. The dollar fell vs. the yen as the Bank of Japan plans to start asset purchases later than expected. Crude oil pushes past $96, highest in more than four months.
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  • In case you missed it, here's the most recent sentiment update: http://seekingalpha.co...

    Stay tuned for the "Short Technical Update" tomorrow.

    Lastly, ever want to ask a trader a question? I'm taking general trading questions for a podcast where other traders and myself will talk it over and try and give the less experienced some answers.

    -Bill L.
    22 Jan, 05:37 PM Reply Like
  • The Russell has been overbought for quite a long stretch. US net leverage is at a 6-year high.
    22 Jan, 06:03 PM Reply Like
  • P.S. Despite that the front month VIX is at a low, protection is not cheap. Pricing out over any decent duration and you'll see you'll have to pay up for protection. Term structure of the VIX and IV.
    22 Jan, 06:30 PM Reply Like
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DJIA (DIA) S&P 500 (SPY)