so if this is your "gut feelings" -- -what position did you take to benefit from such a move? You didn't say
Hajimow, I give credit where it's due. It's 3:39 Eastern, and SPX down 1.82% Ixic down over 2.00% Good call!
You want me to be impressed? Tell me where the SPX will close tomorrow. You have until 4:30 pm US EDT.
Hi Iceman, Do you remember me? we used to chat in YM in 2005. To answer your questions here are my positions and trades: 1- I had sold 4 weekly naked Call 134 for SPY last week which was excecised and I started 400 short SPY at 134 which I covered at 132.82 (too early I could have covered it at 131.82). I had a nice $500 profit. 2- I sold 14 naked weekly PUT SPY 131 for 0.48. Again I sold too early. I should have bought it instead of selling it but I also have some Calls 132 and 131 which are matched. 3- I sold 4 naked call 134 SPY at 0.56 and covered it at 0.35 4- I was short 9 naked call ADI Aug 41 Call at $1 which I covered them at 0.5 and 0.45 (nice $500 profit) 5- I bought some ADI shares at 38.68 and below which based on AH, it does not look good but I have faith on this trade. I will also sell some naked PUT 39 for ADI Aug tomorrow.
I am not here to impress anyone. Those gut feelings don't happen everyday. But if you ask me the cose of SPX tomorrow, I guess it should close +- 0.2%. My reason is that now the longs and shorts are confused. They cannot drag the market in one direction a lot because it might backfire. Today nothing happened. It was only a clean 2% market correction. Unless we get another very bad or good news, I believe market will trade rangebound. By the way I don't mind to be challenged and I like to stay humble. I hope you and everyone great success in trading
I personally don't understand how the markets aren't down 30% since March this year. China is stalled, Japan is permanently on a downtrend it seems, the USA is a basket case, Europe is shite. Where is the growth?
hajimow, That shut them up pretty quick. I guess all your critics are too busy cleaning out their pants after going long on your call. Runningbear
Resumption of equity correction gains momentum. EURUSD downtrend and USD uptrend on daily chart become more pronounced. Bring on the overdue dollar rally... BLACK SWAN chart available for viewing at my blog....
"I guess it should close +- 0.2%. My reason is that now the longs and shorts are confused. " Who are you..? and what's your next move?