Well, it’s pretty clear that the Fed buying kicked in strong this morning. I got out of my shorter-term bearish stuff and am largely in cash now. Here are a few important indexes and their approximate ‘bounce points’ back up to resistance:

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Well, it’s pretty clear that the Fed buying kicked in strong this morning. I got out of my shorter-term bearish stuff and am largely in cash now. Here are a few important indexes and their approximate ‘bounce points’ back up to resistance:

I bought a large block of April $52 puts on XLE based on the price gap fill this morning (this is the energy sector):

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Oh my GOD, Slopers. This is not how I wanted to start my day:

The rumors started flying. Did Slope not pay their bills? (Umm, no, I actually have paid our hosting fees for YEARS in advance!) It was an idiotic error on the part of our host provider relating to a database upgrade.
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