Wednesday, July 9, 2008

S&P 500 finds support.


With wayyyy oversold daily conditions we were due. This is a stop at support but is this 'the end of the bears' ? Don't think so if you ask me. Anyway I'm bullish for now. Long QID PUTs, Long SPY calls, Long JOYG calls, and neutral with the RUT Condor. I did move my lower condor leg down (swinging my way). My RUT shorts are 750 and 570.


Attached is the S&P chart.

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