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Going SHORT SPY, QQQ


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#1 dTraderB

dTraderB

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Posted 01 August 2012 - 11:33 AM

The APPL mini-bubble has been deflated after a high of 616.6 at the open of regular session. Financials are still holding up but the seems to have priced in positive news from the FED and ECB. This may be another sell the news event. Will open SEP SPY 139 or 140 puts and SEP QQQ 65 or 66 puts - a few now, and see how it goes after the FED announcement (a non-event but you never know) and the ECB announcement tomorrow (this is more important for the markets than the FED)