The NQ8 also attracted money,
But so did the small caps.
All in all, this market has now adapted its collective DNA to buying dips, even though the futures show overnight weakness.
Oil itself tells us that political tensions are negligible and that we should sell, as prices will fall down under the weight of supply.
Conclusions:
This market is in a "buy the dip" mood and since the small caps are at the bottom of their envelope, I sold almost all of my IWM puts. Looking to buy some small caps calls to ride a bounce.
