XLK – Technology Select Sector SPDR Fund – One big options market participant traded a total of 524,600 put options on the technology SPDR ETF this afternoon. It looks like the party responsible for the massive transactions rolled a previously established debit put spread in the December contract forward to the longer-dated March 2011 contract. Shares of the XLK, an exchange-traded fund that mirrors the performance of the Technology Select Sector of the S&P 500 Index
Sell into strength, buy the dips still the mantra. Buying off the 10dma still a great trade. Seasonal bullishness the next 2 days…………….Stay nimble………..
I don’t even know why the Financial Advisory industry is even relevant any more. If the Fed is never going to let the market go down, why does anyone need advice? Just buy anything and it will keep going up. Why does anyone need to pay any advisory fees?
Be it gold, stock, anything, just buy it and the Fed will print as much money as it needs to in order to inflate the US out of any possible crisis.
Never mind the fact that a gallon of milk will cost twice as much next month, but at least your stocks didn’t go down!
The guys over at Mr. TopStep still think 1250 spx by the end of the year, or early next year. That lines up with my DIA FP level, (about 1260-1280), so that’s where the moon is located.
Hey it’s another miracle on Wall Street! The market never goes down! In fact, it’s completely ignoring the dollar again, much like it did in early May.
XLK – Technology Select Sector SPDR Fund – One big options market participant traded a total of 524,600 put options on the technology SPDR ETF this afternoon. It looks like the party responsible for the massive transactions rolled a previously established debit put spread in the December contract forward to the longer-dated March 2011 contract. Shares of the XLK, an exchange-traded fund that mirrors the performance of the Technology Select Sector of the S&P 500 Index
http://www.zerohedge.com/article/tomorrows-pomo-priced
Sell into strength, buy the dips still the mantra. Buying off the 10dma still a great trade. Seasonal bullishness the next 2 days…………….Stay nimble………..
Already getting a few stocks beating April highs, and some etf’s with legs to go higher…see comment below…for conclusion.
This market could stay up until the middle of Nov. Then dow pullback,1000 down.
I don’t even know why the Financial Advisory industry is even relevant any more. If the Fed is never going to let the market go down, why does anyone need advice? Just buy anything and it will keep going up. Why does anyone need to pay any advisory fees?
Be it gold, stock, anything, just buy it and the Fed will print as much money as it needs to in order to inflate the US out of any possible crisis.
Never mind the fact that a gallon of milk will cost twice as much next month, but at least your stocks didn’t go down!
The guys over at Mr. TopStep still think 1250 spx by the end of the year, or early next year. That lines up with my DIA FP level, (about 1260-1280), so that’s where the moon is located.
wow…. I love these gangstahs…..this market is going to the moon..thanks to the gangstahs with the printing machines lol
You got it.
Hey it’s another miracle on Wall Street! The market never goes down! In fact, it’s completely ignoring the dollar again, much like it did in early May.
You mean tomorrow I guess… LOL