Thursday, September 18, 2014

Sept 18 - Thurs 400pm update

Limited volume and low volatility today.  in SPY, a gentle move up at close which to me was very bullish, actually more bullish than if we saw a strong move because it is easier to build upon.  Otherwise, some general concerns are the fact on the daily we are poking into the upper Bollinger which isn't always good but perhaps after a day or two the bands will widen, opening the door for more upward movement.

Long-term outlook:  Neutral
Intermediate-term outlook:  Bullish
Short-term outlook:  Bullish 

No comments:

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...