Market is totally ignoring fundamentals or earnings, it's all about computer algorithms and making the DOW complete its pattern. DOW components are pumped to ridiculous levels to get that triple top.
According to my chart, DOW should top out Wednesday. We'll see.
交易進行
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Bought some puts today, target is $84 next week but I might flip it tomorrow like I did with IBM.
評論
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Dow futures down AH on soft guidance from INTC, looks like reality finally setting in now...
It's MOMO + FOMO. Volume: LOW. Gonna break soon. I thought 4/17 maybe topped but IMO u mite b rite. Soon real soon. Closed my hedge short for a push; no use to hold agin the tide.
I hold TECS calls; strike $14 October contracts trading for <$2. Will explode on correction. These are not for faint of heart and are quite illiquid. It's a buy-hold strategy; you vs. market-maker.
hungry_hippo
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@DaddySawbucks, leveraged ETFs have a lot of decay, so you have to have perfect timing to make money off of them. Options on leveraged ETFs means you're losing premium as well.
Even if the market starts heading lower, I don't expect a big crash since there's no rate increase. I'm saving the big ammo for the next time the Feds mention a rate increase. If the market starts going parabolic they might just have to...
I hold TECS calls; strike $14 October contracts trading for <$2. Will explode on correction. These are not for faint of heart and are quite illiquid. It's a buy-hold strategy; you vs. market-maker.