I getting some February puts here gang, as if this isn’t the exact top, it’s very close. The 5 points down are safer puts, and the 10 points down are wildcard puts. To be safer, you can go out to March puts.
Wow, the first move up hit 129.54 spy, just one cent above the FP of 129.53 a few days ago, then back off a little. Now it looks like we are going for the next FP of 129.68 from this morning…. just hit it! LOL
Funny though Dee, as I see 129.81 spy high in the pre-market, so maybe we go up a little more?
I think we’ll still have few days of choppy up and down’s to keep both sides guessing…plus they will not crash the market until Davos meeting is over…We have few thing lining up for beginning of February: Legatus, Chinese New Year and very likely bad job report (as seasonal retail is laid off)…$BDI still dropping, check out Faber of Bloomberg, he says commodities, emerging markets down 20-30%…I’m not a fan of his, but he was hilarious…Given China liquidity issues, I’d say they are approaching the crash…don’t forget the rest of the world is counting on China to bail everyone out…can you say panic!
red,
so we done now with any overhanging intraday upside FP?? i think we hit them all??? dee print this morning is to the downside – correct…?
I getting some February puts here gang, as if this isn’t the exact top, it’s very close. The 5 points down are safer puts, and the 10 points down are wildcard puts. To be safer, you can go out to March puts.
Wow, the first move up hit 129.54 spy, just one cent above the FP of 129.53 a few days ago, then back off a little. Now it looks like we are going for the next FP of 129.68 from this morning…. just hit it! LOL
Funny though Dee, as I see 129.81 spy high in the pre-market, so maybe we go up a little more?
red,
i increased my short position
hit the intraday FP…
GOLD Near support level: http://niftychartsandpatterns.blogspot.com/2011/01/gold-near-support-level.html
Email it to me Dee, and I’ll post it.
What is your downside target for silver?
I think we’ll still have few days of choppy up and down’s to keep both sides guessing…plus they will not crash the market until Davos meeting is over…We have few thing lining up for beginning of February: Legatus, Chinese New Year and very likely bad job report (as seasonal retail is laid off)…$BDI still dropping, check out Faber of Bloomberg, he says commodities, emerging markets down 20-30%…I’m not a fan of his, but he was hilarious…Given China liquidity issues, I’d say they are approaching the crash…don’t forget the rest of the world is counting on China to bail everyone out…can you say panic!
http://www.zerohedge.com/article/marc-fabers-most-provocative-interview-ever-compares-obama-prostitute-goes-long-treasurys
Does hitting it premarket count? As it did… I have 129.68 for premarket