Rally or False Rally
This is a false rally that will continue into earnings season next week.
At least that's my view.
The DOW could go to 12,500 but it will drop hard. There are some strong sectors (Agriculture, chemicals) but mostly this is a pause in the fall.
I missed selling the PUTs on Monday, but there will be other opportunities. In the meantime, the rally is a chance to buy Puts.
At least that's my view.
The DOW could go to 12,500 but it will drop hard. There are some strong sectors (Agriculture, chemicals) but mostly this is a pause in the fall.
I missed selling the PUTs on Monday, but there will be other opportunities. In the meantime, the rally is a chance to buy Puts.
posted by Andrew at
9:20 AM
1 Comments:
andrew,
what do you think about trid now with the consumer spending slumping and with this financial environment ?
thx
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