Wednesday, September 23, 2009

September 23rd - Market Review - Update

I bought today some options PUT QQQQ 43 . I still think that we are in a very strong uptrend but we should get here a small pullback. Probably if we get tomorow a small rally to 42.7 42.8 it will be a good point to buy more options.

Still , i have to empahsize we do not have a short signal , i am too early with this trade, real short will be under 42.2 the target is 41.

September 23rd - Stock Market Review

The Market is in a very strog uptrend it will be realy foolis to take here a short . After this amazing rally we should get a pullback but the market won't give back the gains so easily.

Couple of days ago a started to build a very big position in the gold GLD . Let see if the gold is going to break the 100 level , my first target is the 130.