Tuesday S&P dip, friday profits.

Discussion in 'Trading' started by KINGOFSHORTS, Feb 21, 2011.

  1. Expect a decent dip in the morning hours. Load up on SPY shares and profit by this friday. Easy as pie.

    You have the Libya spook and of course all the people long stock from exercising calls who will dump in the morning as well.

    Then by friday you can start taking your profits from you long positions you take tuesday morning hours.
  2. why not buy oil stocks instead?
  3. Prefer trading something that is diversified over 500 companies has a very liquid market with a good and active options market offering narrow spreads as well.

    Why make things more complex than need be.

    IWM is also very good. Higher beta, higher IV on the options and good liquidity on the equity and derivatives side. Think of IWM as the spice to your curry.

    You do not need nothing but SPY and IWM to trade for a living.
  4. risky63


    Why not just trade cl......
  5. damn dip morning and up already.
  6. pupu


    already closed half the gap down...

    Now that is one 'efficient' market
  7. as a wise man said once.


    Hence the markets are not going down, the "POWERS" that be will not allow that to happen. They will PROP them up at all costs.

    So I'm told.

    Now I'm a believer. This market has come back strong. Even though the consumer confidence index is a joke...as consumers are mindless idiots willing to take on more debt burden.... This market has proven that it is not going to fall.
  8. luisHK


    Amazing rally in Europe as well after the US market opened.

    Might be a good idea to close european stock exchanges on US holidays to spare them yesterday's hammering :D
  9. S2007S


    Imagine if oil wasnt up 6 bucks and there was no tension coming from overseas, the markets would have easily opened up 1%+ today and traded higher into the close probably pushing the SPX to 1365-1370!!!!!!!
  10. luisHK


    Bought some more in the dip but it doesn't look that good anymore...
    #10     Feb 22, 2011