Ok. everyone feeling good over here. I cleared most of my puts yesterday and today. Studied some charts all day yesterday. Wont bore everyone but i think a bottom is in. Will clear the rest of my puts tomorrow. I think tomorrow is the bottom for the market until the new year. Nuan may briefly set a new low tomorrow or Friday. I think it turns after that along with the market. I am loading up on calls on F, TTWO, WMB, JDSU (been buying these today), YHOO, SLW, FTNT again, and about 10 others. I think there will be serious cash made between Monday next week and 3rd Friday in Jan. best of luck to all.
i got lucky on silver wheaton. bought almost at bottom in early july the jan 2015 28 calls. it had a hellava run after i bought it. sold some on the run up then bought back more when it pulled back in sept. didn't get the oct bottom but i feel its going to be higher by jan 2015 as long as fed reserve keeps easy money out there it should track higher. lot depends on silver prices getting out of the gutter too. SLV looks to be trying to bottom here around 20ish. may play there soon.
hey green. i do not pay much attention to where the dow, daq or amex close numbers wise. if you look at the breadth of the market it has not been very impressive recently. the markets have been lead higher by a select group of large caps. i think a lot of your small and mid caps will now move higher going in to the end of the year. whether the markets set a new high numbers or not, i dont know. i prefer to see a 3/1 ratio of adv vs decliners and i believe that is about to occur over the next 2/3 months. i can tell you one that will be down today.....JDSU. i will be adding to a lot of my call and long stock positions today and tomorrow betting that the market moves higher.