The H&S pattern is busted!  Bears are dead!  Long live the bulls.  Thank you, INTC (aka. the overlords upstairs)!

Now watch me get my teeth kicked in tomorrow, as I bask in the glory of my BWLD, GLW, GOOG, MON, PNRA calls.  I have half a mind to just sell them all tomorrow morning on the heels of what looks to be a fairly decent gap up.

A small comic break…h/t @The_Real_Fly & @WeeklyTA…”Why are the Transformers retarded?!”  (Yeah, they’re basement-dwelling 24/7-computer nerds, but they remind me of several college friends, and thus their cynicism and (deserved) vitriol against Michael Bay got quite a few laughs.)

And while we’re on nerdy subjects, here’s a rather long-winded essay on why the series finale of Battlestar Galactica was the most disappointing ever.  Now this one I don’t agree with (as I actually really liked the ending), but it’s worth a read if you’ve got the time and interest…

Anyway…

• $CPCI, the put/call ratio, is back in undecided territory.  The 2nd batch of SPY Aug’09 86. calls were stopped out near the morning lows for a 20% gain.
• fwiw, both the $VIX & $VXN (Nasdaq-100) closed at new 9-month lows.  The obvious expectation is for another summer of flat doldrums.
• MTXX call volume picks up, 10:1 call:put ratio on the day.  Speculation on Zicam II formula restructuring…
• Buyout rumors in RVBD.  Jul’09 ATM and Aug’09 OTM calls being snapped up with great vigour [sic].
• IBM reports on Thursday…just like GOOG, very little action expected, with premiums suggesting just a 3% move…