Posted 29 October 2018 - 03:41 PM
Looks like a washout bottom to me. I dipped my toes late afternoon with low price, OTM calls on some beaten up stocks and sectors.
Posted 29 October 2018 - 04:45 PM
Posted 29 October 2018 - 05:30 PM
No bottom yet.
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Posted 29 October 2018 - 06:48 PM
At today's close, we have positive divergences in technical indicators, breadth indicators, volatility and new 52 week lows. These support A bottom, even if not THE bottom.
Posted 30 October 2018 - 02:25 PM
Exited my calls here at SPX 2674 for a handy profit. Don't like the action in the Qs. May re-enter calls tomorrow depending on market conditions.
Edited by kaiser soze, 30 October 2018 - 02:26 PM.