Was kinda hoping we'd finish down 300+ on the Dow.... still got 1/2 an hour to go, I'll give it 70/30 odds (favoring a -300 close). We'll see though, I'm covering any breaks over 12870 in the cash index...
I would not take any names from my "Long Candidates" list over the weekend. Things might open higher Monday, but that's the best any long side player can hope for at this stage.
I was just gonna buy 100s like I usually do when it has several down days in a week. It must have just started trading options recently so I'll take the assignment if it gets put to me. Real small part of the portfolio. The swings on the ultra shares are pretty wide so no worry here.
I just covered and took profit. I am officially bullish into Monday at 12,798. I will jam the futures higher Sunday night and sell at the open. Have a good weekend all.
Well, we didn't hit the 300 mark, but still a very good day for me, best day in over a year. Hope everyone cleaned up today! Mike