So I purchased the folowing Puts:
5/19/2017 $230 P @ $2.15
This market can go very quickly down. As I posted my Financial Index Model one indicator is at a level where it has done this numerous times before.
Posted 19 April 2017 - 03:18 PM
So I purchased the folowing Puts:
5/19/2017 $230 P @ $2.15
This market can go very quickly down. As I posted my Financial Index Model one indicator is at a level where it has done this numerous times before.
Posted 19 April 2017 - 06:34 PM
I'm in agreement. The fact that the Dow Jones is weak while the Nasdaq 100 is strong is also a big negative. It's the opposite from the post-election rally. EEM is starting to falter bigtime too. When China cuts off the credit for the year, it's not good for risk assets. With that being said, I think a slight bounce to beat the VIX down a bit might be in order. I think that would be a good opportunity to get in for the big move down.
Posted 20 April 2017 - 03:21 PM
Sold Puts at $1.54. Signal was false