Friday, September 18, 2009

09.18.09 - Quadruple Expiration Friday


First hour volume was tremendous on this quadruple witching expiration day (stock index futures, stock index options, stock options and single stock futures).  The SPY looks worse on my charts than it actually is, as it went ex-dividend today to the tune of 61 cents.  While internals got off to a rocky start, the outlook is beginning to improve and cumulative tick is marching nicely higher.

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