Market is churning...

Discussion in 'Trading' started by Trend Fader, Nov 14, 2005.

  1. Decliners are leading advancers yet up volume is > than down volume.. classic signs of a market churning higher with the broader indices posting gains..

    I am betting on a swift reversal to the downside coming soon.

  2. patoo


    R U trying to rain on my rally??
  3. Market is top heavy.. I am not calling for a crash.. but I am selling calls on SP500.

  4. Never going down again. There i said it. Someone had to.
  5. which calls are you selling and at what price?

    could you tell us the closing end of this trade when it occurs please!
  6. PPI tomorrow
  7. ignore list?
  8. dac8555


    hmm. i saw it different. I see that the market is advancing much more this month and when it is down, it is mild. I am nervous about my shorts. I see about 4 up days to every 1 or two down. seems to me it has upward pressure. I would like to hear more about your S&P short trade and why....
  9. i sold 10 SPY NOV 123 calls for 1.25..

    to note i am still long stocks like JWN, BHE, to hedge the trade.
  10. thanks and good luck with the SPY trade!
    #10     Nov 14, 2005