crimfunk

Options Trader: Monday Outlook

I've heard a bunch of calls for the bottom, which struck me as strange since 1) we are in month 7 of a bear market and the last bear lasted 2 1/2 years 2) the DOW and the SP500 both loss support at the 50dma 3) companies are just starting to digest life with crude +$120. I remain 40% short or hedged and 60% long.

Options Trader: Monday Outlook

<There is little hope for the markets if this continues and the dollar isn’t helping as it’s pulling back in early currency trading as well, so we’ll be back to hoping to hold 12,200 this morning and 1,350 on the S&P. If we lose them, it’s going to be ugly again.>



did you call a bottom last week?