10 replies to this topic

[cycletimer]

FWIW, Shortly after the open this morning (I don’t post trades in real time any longer because if I’m wrong and lose money I don’t want anyone piggy backing my trade and losing money. It should be at my expense, no one else’s); I sold the April $SPX 2820/2850 spread for a credit of 5.80
I tried to get them to hit my $6.00 limit order but after 5 min of no fill I ratcheted it down to $5.80

There’s a feel that this 2-day rally ended this AM on the open. Last evening my charts generated an upside DOW target of 25,038 but we never hit that level. I believe the next leg down started but I’m not willing to buy puts, I’ll limit my directional bet to selling call spreads for downside protection (for my Long REIT’s).