Thursday, July 24, 2008

TRADE CALL UPDATE: SPY puts

Now trading @ $3. If you like you can take them off her for a 33% gain here. I am holding


33% gain in 2 days on those options


ONLY WINNERS HERE!!!!!!!!!!!!!!!!!!!

supports all being tested

All the below supports are being tested on the S&P. Looking to test the 1258 here 1259.50 now.

volume is light so not a huge dent to the bulls yet

1263 didn't hold

Man said it this morning that today could look ugly and it is. 1263 didn't hold. Look for some support @ 1258. The bears are back baby

TRADE CALL UPDATE: SPY puts

SPY $127 puts now trading @2.75 opened position @$2.26 two days ago. Remeber these move slow but I think they can be a huge winner. Up 25% on them so far.


ONLY WINNERS HERE!!!!!!!!!!!!!!!!!!!!!!!!!

Here we go

1263.75 just hit on the S&P so we got downside target for the day.
Only problem is Getting low extreme tick reading which means we could see alittle more downside..

1275.50

1275.50 didn't hold. Could be a rough day today!!!

Next target on the downside 1263

Late start

Late start for me today folks. Went out with my wife last night:)

WATCH A BREAK OF 1275.50 ON THE S&P.