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hi upside. i am thinking a small bounce here could be in order. definitely to be shorted into. the intense selling isn't out of the way imo. If crude oil can retreat a tad over the weekend. that'd be good for the mrkt and help setup better shorts.
There's a nice rounded top on the S&P Weekly Chart. It could set up an inverted cup and handle before retesting 1270. If this pattern sets up, the target is 1125. Barring government intervention of course.
I have been trading off and on for 10 years did ok with TIE options a few years ago. some guys at work and me are going to buy puts and calls on GOOG $30 out of the money july 17.What say you.Steve Portland OR
Stewie
ReplyDeletei'm thinking an oversold bounce in financials and then we continue lower,much lower. you?
hi upside.
ReplyDeletei am thinking a small bounce here could be in order. definitely to be shorted into. the intense selling isn't out of the way imo. If crude oil can retreat a tad over the weekend. that'd be good for the mrkt and help setup better shorts.
There's a nice rounded top on the S&P Weekly Chart. It could set up an inverted cup and handle before retesting 1270. If this pattern sets up, the target is 1125. Barring government intervention of course.
ReplyDeleteI have been trading off and on for 10 years did ok with TIE options a few years ago. some guys at work and me are going to buy puts and calls on GOOG $30 out of the money july 17.What say you.Steve Portland OR
ReplyDeletehi steve. I am not an topions guy at all. i am expecting some strenth in the mrkt here soon. maybe wait til we bounce a bit and then buy those puts.
ReplyDelete