Post Mortem


Oregon City, Oregon, circa 1850

The Russell acted like it has found a small trading range.  It may go sideways.  It is difficult to imagine a fierce up move from here; and the downside seems dubious, unless either of the indexes take the lead.

Priceline (PCLN) had a massive down move (20+ dollars) to touch the 20 day simple moving average and then recovered half of that. Short volatility plays are dis-advantageous into earnings. This begs the question: Do long volatility plays work in the weeks into the announcements of earnings? This is worth some back tests and queries.

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