SAME OLD?
Markets are way down and trading near the lows of the session- the fish is looking for some kind of bounce to short as this is a classic - "markets to close at/near the lows" day.
NYSE- 2600 net losers;
NAZ- 1800 net losers;
NDX- 3 GREEN;
OEX- 3 GREEN;
VIX- higher by 11% at 51.6;
GOLD claws back to the green at $943;
Crude - climbing back - trading at 40.38;
SPX trades at 708 and its pretty clear that 700 is the next stop - and probably an area where a lot of the shorts will cover for a temporary reprieve.
LONG SRS and looking to reload on any kind of bounce - me and the rest of stocktwits universe.
posted by DAVID at
12:12 PM
2 Comments:
FWIW, I think we are putting in a tradable low. I'm selling some naked puts and buying DITM SPY calls.
You may be correct - and tomorrow is Turnaround Tuesday - but today we probly close at/near the lows. Works about 90% of the time i think.
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