Tuesday, June 14, 2011


VIX FEAR never showed a bottom washout, the world isn't perfect, I think the market still needs to wash itself out. FOMC next week if language changes could do that. We at LEAST know some of the OVER SOLD must be worked off...I see band 1310-1326 on SPX as possible magnate.

Today was 80% plus upside volume but not 90%. Several 80% back to back days might tilt in favor of buills but lots of stuff swirling around and there have been no PANIC selling days with ramped up VIX, in fact this entire decline didnot show a VIX 20 or higher....for record I'm in VLO since the AM, am holding overnight.

Reuters) - Valero Energy Corp (VLO.N) Chief Executive Bill Klesse said the company's 287,000 barrel-per-day (bpd) Port Arthur, Texas, refinery would be running "basically full out" by the weekend.

The refinery has been running at minimal rates since a June 6 lightning strike knocked the plant's coking unit, which forced the shutdown of a crude unit at the refinery.

"We do have a big motor that is being replaced at Port Arthur, but by this weekend, we will be running basically full out," Klesse told Reuters following a ceremony at Valero's headquarters in San Antonio. (Reporting by Jim Forsyth; Writing by Erwin Seba)

I am cautiously nibbling. For some reason AFFX keeps coming across my path (a beaten down old fav)


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