I'd advise everyone to be very cautious here. I think we're playing out a wave 4, with a wave 5 up still to come.
$DJIA, $SPX, and $RUT are breaking down, but $RMZ is still in a triangle.
JPM fake print…http://zstock7.com/wp-content/uploads/2010/07/j…
I usually don't play out of the money options…BAC Sept 14's look too good to pass up.BAC if near 13.5, I can pick up the 14's under 0.50, I can possibly get a 1.00 exit.
3 more companies, ODFL,CHRW,IACI took out their April highs, is SPY lagging?
Screen capture it and post it Z… Thanks.
JPM, fake print, 48.7, takes out april high
They are doing all to make this look like nothing.
And they are succeeding.
Closing out half of my IWM puts from 66.6.
This a meager bear trap if I ever saw one. hope i am wrong but I do not trust this as a sell off yet.
Leo,in SPY it was a descending triangle that broke at 110.94
I'd advise everyone to be very cautious here. I think we're playing out a wave 4, with a wave 5 up still to come.
$DJIA, $SPX, and $RUT are breaking down, but $RMZ is still in a triangle.
JPM fake print…
http://zstock7.com/wp-content/uploads/2010/07/j…
I usually don't play out of the money options…BAC Sept 14's look too good to pass up.
BAC if near 13.5, I can pick up the 14's under 0.50, I can possibly get a 1.00 exit.
3 more companies, ODFL,CHRW,IACI took out their April highs, is SPY lagging?
Screen capture it and post it Z… Thanks.
JPM, fake print, 48.7, takes out april high
They are doing all to make this look like nothing.
And they are succeeding.
Closing out half of my IWM puts from 66.6.
This a meager bear trap if I ever saw one. hope i am wrong but I do not trust this as a sell off yet.
Leo,
in SPY it was a descending triangle that broke at 110.94