The market was volatile today, up and down, several times over, and S&P made a 26 swing in the last 35 minutes, just like last Friday it dropped 20 points in the last 30 minutes.
- I had to liquidate positions today, and I didn't sell at bottom, and it's not top either.
- I missed yesterday's golden chance to unload my calls, since I thought I got the rally going for me. I'm still not careful enough.
- Now is time to continue to unload these calls, even with losses.
- SSO and UWM, can hold a little longer, but options, I don't think I can hold them over the weekend.
- Be cool.
- So far this year, it's an expensive learning experience for me!
- I have to fight another day.
The market:
- VIX hit new high again today.
- Just like yesterday was very bearish in actions, today was very bullish, the indices closed higher after touching new lows!
- Maybe the PPT was taking actions. By the number, you have to think it's not traders doing the work, it's like a computer program at work.
- Let's see if this indeed is the bottom, we need tomorrow and Friday to close higher than today, we need follow through.
- After the bounce (to 1490-1510), it probably will go down again.
0 comments:
Post a Comment