Thursday, June 30, 2016

Jun 30 - Gap almost filled

http://jeffhirsch.tumblr.com/post/146667426983/857-chance-of-sp-500-gains-on-july-1

We are really overbought but hard to bet against this.  In the afternoon tomorrow, we could easily see a ramp up.  Needless to say, I folded my put spreads this morning.  I am even more surprised but the level of strength than I was yesterday.  So far it has been a complete mirror move from the Brexit down move.


1 comment:

Geet Khare said...


Gold held gains after China PMI data came in mixed, and silver soared as investors see continued easy monetary policy in China and the Asian region.
capitalstars

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...