As I mentioned this morning (and yesterday) that I would consider some profit taking. Since the market gaped down quite deeply I decided to close my puts position on SPY and take nice $174 profit per contract. I also closed my bear put spread on IBM and collected around $100 profit. Actually $80 after commissions. Continue reading →
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Archive for September 2nd, 2011
Posted by Martin
September 02, 2011
Unemployment report showing no new jobs!
Market (SPY) gaped down at open and extended already bearish trend this morning. Although by the end of the day the market may rally back. It looks like the A,B,C correction has been completed and now we will be running down. QE3 is now more likely to happen, although that may be good for the Continue reading →
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