Yesterday the market rallied unexpectedly after what looked like the perfect move in the morning when the futures were down so big. The market is showing strength again and I don't want to stick around with big positions I can't handle if it soars to the moon again. A break of the XLF and S&P highs will cause me to close at least half of my current positions and leave open only small hedged option positions I'm willing to go to zero. Stops are:
S&P 834
XLF $9.55 - $9.71 (depending on if the S&P broke above 834)
No comments:
Post a Comment