The market had a good run closing positive in four consecutive days. What is more significant is that the market closed positive (though not a big positive) last Friday. It means that the market players (not sure the bug ones though - perhaps its the small ones, who would get injured again) are positive about the general market this week, as they left their position opened over the weekend. The comments made by Citigroup's CEO about C on its good results for Jan and Feb this year provided the stimulus for the rest of the market to move foreward. It would be interesting to watch how C and other financial giants (now dwarfted - C market capitalisation is less than DBS Singapore ! ) perform over the next few weeks and months.
Would the market continue with its bear market rally? It seems so though it is likely to take a breather (a slight dip or ends sideways) on Monday and perhaps on Tuesday - unless new bad news are released again.
All my Bull Put credit spreads on my SPY are positive again. My short Puts on STP are also positive. I have added Bull Put credit spreads on SPY based on the quarterly expiry dates.
Cheers !
PersianCat (Millionaire-in-progress)
Trade Like A Persian Cat reminds me that I should be like a Persian Cat, waiting for the right setup to trade and not act on impulse. This blog documents my trades, thoughts and reflections in playing Options in the US Market. "Bulls make money, Bears make money, Pigs Get Slaughtered, Cash is King"
Who Am I ?
Interesting Read
- Are You An Academician Or Practitioner?
- Are You Winning The Battle?
- Comic Strips
- Guidelines For Intraday Play
- How The Markets Really Work
- Jewish Holidays 2012
- Optionquest Online Game
- Play One contract only !!!
- The Average Investor Mentality
- The Market Cycle
- US Market Holidays 2012
- Who Are You Trading Against?
No comments:
Post a Comment