WOW SPY now $102.80 S&P 1028!
Call your broker if you can and sell SPY, GLD, QQQQ, BP, FXE- while you can…
The Bear is growling! SPY FXE BP GLD, dive kamikazee dive!
S&P broke 1040 decisively now at 1032, SPY at $103.29, euro and FXE breaking lower along with GLD all going Negative!
I think US DOLLAR to go back and retest recent highs in next week- unless breaks $24.25 then will signal market change to bear from bull
On UUP move stop to $24.23 Euro problems not over yet and dollar will get back and test recent highs soon – next week or so
On UUP move stop to $24.23 Euro problems not over yet and dollar will get back and test recent highs soo
On BP move stop to $30.99 on your July puts – I think just normal retracement.
On BP same situation normal bounce cause storm did not hit spill, however still a major bear market, Move stop to $30.99
On FXE move stop to $123.10 on your July puts- I think this is a normal retracement in an bear market. Not time to panic yet…
Global markets tumble on China questions http://ping.fm/2ikpo
BEFORE THE BELL: US Stock Futures Stumble Over China Concerns http://ping.fm/Etbmg
My Target for BP still $25
Bought July BP $27 puts since this just another dead cat bounce
Bought at first bounce more SPY JULY $105 puts so avg price paid was $2.12 per option. Looking for $102.50 SPY
For BP continue to hold keep stop around $28.50 for your July $30, $28 puts
Continue to hold FXE July $122.00 puts with target $120, then restest of low, if hold $120 then be ready to reverse and buy calls-
Targets for GLD $119.77, and then $118.97, and $116.94
Was on the road yesterday / no internet access- was stopped out nof GLD with 32% profits – have reversed and bought July $121 GLD puts
If I was a Gold ETF… http://ping.fm/4jmkL