Wednesday, March 12, 2008

Due to the way the market finished today and IF you're feeling like taking on a little risk - I recommend a bearish strategy, knowing that there is some significant resistance in the upper 130s on SPY. Specifically, I would look at selling some call credit spreads above levels of said resistance.

If you're feeling risk averse then wait until after the Fed cuts, although it will likely cost you some premium.

I will usually try to spare you my brilliant market commentary - for that I strongly recommend you check out the links on the right side of this page.

I will post some meaningful graphs today/tomorrow.

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