I posted in breakouts that we'll see the market reversal I think we have made the turn in this week - Lots of stocks such as RIG GMCR GS making new 20 day lows-SPY failure to make new highs I am beginning to bite to the downside. Still would refrain from shorting strong stocks such as AAPL when there is plethora of weak ones available. Long SPY June 119 puts @ 2.68 Edit: I always thought the rally would continue for just over a year-long term capital gains locked, now people dont mind taking profits.
Closed 1/4 SPY june119 puts @ 5.82 = +117% taking partial profits is part of strategy but holding remaining until I see significant reason for bounce or a major sell-off
closed out all shorts--I didnt expect targets to be hit this fast and hard. Individual stocks did good, SPY puts almost 300% return 200 sma on spy was target got hit yesterday in melee and today thats exact low pretty much.
Chit Chat Drop in here to chat about sports, relationships, cars, jokes, etc. Not for politics and religion debates! Post that stuff in the forum below. -------------- which f&$$&&$ mod moved this to chit chat? No wonder anyone good never posts here - go screw yrself mods