Friday, June 20, 2008

My View Of The Big Picture-- Bearish (For Now)







With the SPX overbought it has been selling off. I see the next target of 1275. After that who knows. The daily chart is oversold so we might see a few 'pops' or maybe an 'up' week. We are due!

The RUT is being pulled along with the market and I'm in for a August Iron Condor. 25% return in 55 days...

That is all folks. Oh! My July Iron Condor was closed with a net 13% return in just over 35 days.

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