MomentumOptionsTrading.com Midday Update for 6/10/2014
Bears Making Tuesday Stand
The bears haven’t done much of anything in June and even though they are making another Tuesday’s stand, the losses have been kept in check by the bulls.
With another half of trading, things could get worse, or better, but the VIX is staying below 11.50. The S&P 500 Volatility Index is up 0.02 to 11.17.
The Dow is down 16 points to 16,926 while the S&P 500 is slipping 3 points to 1,947. The Nasdaq is lower by 7 points to 4,328 and the Russell 2000 is declining 7 points to 1,168.
Subscribers, check the. Members Area for the current trade updates. I could have a New Trade by the close but I’m still doing chart work and research to find the best options to play. Stay locked-and-loaded into the close and if not today, there will likely be new action tomorrow.