The gold had a great day with a 1.26% gain . I think that we should see some pullback in the gold after that nice rally . I purchased again the QQQQ44 put options at 2.30 and SRS at 9.79.
I sold the SMH 26 put option with a loss. at 1.71 . UNG didn't break the resistance at 12.2 , i also update the stop to 11.9 .
Thursday, October 8, 2009
October 8th - Stock Market Review - Update
I purchased some UNG at 12.12 and my stop is at 11.6. The SMH is a weak a purchased a very small position in options nov PUT 26 at 1.82 , my stop is if the SMH break the 25.3 .
October 8th - Stock Market Review - Update
I sold the QQQQ at 2.35 and the SRS at 9.91 with a loss. I will wait for a better opportunity.
October 8th - Stock Market Review
The Gold had a great day yesterday and now in the premarket is almost 1% up. The put option and the SRS was down , i will wach the market very closely today and probably if the market show too much strength i will sell the options and the SRS. I was too early with this trade, and it is a losing position ,so it will be better to sell it and wait for a better opportunity.
BAC and XLF were very strong , no sign for short .
BAC and XLF were very strong , no sign for short .
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