I am cash, I dont want to be long ( I trade short term calls) and get caught with my pants down. Sold today my celg, gild, wynn and bidu calls. Good luck, option traders!!
Eventually it will but not by much and for a few days only , then we continue even higher, It's a perfect storm to hit new highs every week, no reason not too, give 1 reason....lol
Yesterday was my my last bet ( I am a trade junkie) but went fine, bought V calls at the open, ( it was obvious because of MA) and sold then intraday with a great profit, I want to stay cash for the rebound !
yes there is a reason.: It is cause a taper surprise.
the market no doubt has been unprecedently risen day after day.
But what goes up must go down. The market will need to take a breather, a sort of correction and not necessarily a crash!