107.60 SPY needs to hold on a close.
Else, 105-106 area is coming.
OPEX tomorrow so we could be just experiencing some near term volatility.
Keep those stops in place.
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This site is for stock and ETF traders. My intention is to educate and help traders gain experience-- a glimpse into what other traders are doing. As a retail trader you are at the mercy of the markets and the few big players that can control price movements. Here, you will find trading ideas mostly. On occasion I will post actual trades.
Thursday is living up to its true colors.
ReplyDeletethursdays are typically down and sometimes nasty days.
Hi tenyear
ReplyDeleteJust want to say thanks for more frequent comments on market.
You are the best
thanks sam.
ReplyDeleteNeed patience here. Overwhelming sentiment is bearish. Why can't the selling get the SPY to break down?
Something is brewing. Stops are set on all issues.
Why shorting individual stocks can be deadly:
ReplyDeletePOT
MFE
added 1/3rd RIMM on Friday just above $48. My stop on 2/3 RIMM is $47.48
We could be bottoming in the markets or we could be falling off a cliff. Pretty tough stuff here. If you are not long and holding I don't think I'd get involved yet.