Markets Within 3-5% of ST bottom- IMHO

Talk to the people buying at 11am today thinking it was a large reversal day.

 

Technically it reversed at 11

 

The way I look for a fat trend day is:

1. Fat reversal candle that retests without new lows
2. It becomes obvious by 945-10 am that it's one of those

Still, I don't *really* care as long as I keep doing what I'm supposed to.

 

Good point.

Except: we are not talking about a LT trend reversal here from bear to bull. Just looking for a meaningful pop - like 10-15%.

 

Bought AAPL calls couple weeks out looking for Memorial Day rally. Bought in at 139-139.75. Just taking a shot! 148c