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Israel Shenker
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Father, Philanthropist, Non-Market Correlated Strategy Money Manager, Entrepreneur, Real Estate Developer, Paramedic New York. Follow on Stocktwits & Twitter @izzytradesvol
  • I'm Calling A Top To This Madness 4 comments
    Jan 22, 2013 2:19 PM | about stocks: SPY

    This is madness. Unemployment is poor the economy is being supported by three legs and one of them is the FED. There's massive uncertainty in the world including the Euro zone, Iran and a million other things I can't even begin to fit in a blog post.

    I think this is the top (within 10 points). I think the selling begins and doesn't let up until we are at 1115 on the S&P.

    Now feel free to poke fun as the market rockets higher.

    (click to enlarge)5 Year Weekly S&P 500

    Stocks: SPY
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Comments (4)
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  • Scooter-Pop
    , contributor
    Comments (2095) | Send Message
     
    If I agreed with Your calling a Top, what is the least expensive hedge to put in place?
    29 Jan 2013, 06:06 PM Reply Like
  • Israel Shenker
    , contributor
    Comments (130) | Send Message
     
    Author’s reply » Buy a put spread. on SPY
    29 Jan 2013, 06:31 PM Reply Like
  • Erick McKitterick
    , contributor
    Comments (849) | Send Message
     
    Or if your super ninja about it buy a put butterfly or ratio spread. :)
    29 Jan 2013, 08:02 PM Reply Like
  • Israel Shenker
    , contributor
    Comments (130) | Send Message
     
    Author’s reply » Erick,

     

    Super Ninjas are just a myth made up in Jim Cramer's mind. Yes Scooter if you'd like you can put on a butterfly or ratio spread which would give you some greater exposure to the downside at a lower cost.
    30 Jan 2013, 04:44 AM Reply Like
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