Holy smoke a 20 point dip is a super strong buy. So it goes like this a 10 point dip=strong buy, a 20 point dip= super strong buy, a 30 point dip= super duper strong buy, a 40 point dip oh my gosh back up the truck and buy with both hands, cause we got a lot more upside.
My TZA option trade today. Sold 84 weekly PUT 10 naked. Profit will be about $650. Loss almost unlimited ($83350)
I bought the TSX on the close yesterday, my version of "buy the dip" on long term investment money. TSX was down 10% from yearly highs on Monday. I think that the chances of a correction in US markets ( which I expected this year ) have dropped lately; US markets are showing signs of having weathered any concerns and may rally at this point. This will frustrate bears no end if it occurs because they had a stronger case for a correction in the spring.