Just thought I'd post a quick update on the market since we're having our biggest down day in months. I pulled a lot of my short positions off the table into this weakness. Here is what I will be watching for. If it breaks this trend line and the 50d, I will buy more puts. If it holds I'll buy calls. Simple.
Tuesday, March 6, 2012
Pullback or Top?
Just thought I'd post a quick update on the market since we're having our biggest down day in months. I pulled a lot of my short positions off the table into this weakness. Here is what I will be watching for. If it breaks this trend line and the 50d, I will buy more puts. If it holds I'll buy calls. Simple.
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