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Rocket022123Test Rocket Equities & Options Report By Tommy O’Brien Feb 13, 2023 Last Monday I talked about the market looking toppy at about the 4,140 price area. It made it all the way up to a spike of 4,186 a week ago, and then the collapse really began to take hold Thursday afternoon at about the 4,140 price area. I would have shorted markets again this morning if we hadn’t open down about 1.25%. We will get moves in both ways in this market, as we move to lower price over the next 3 months. The SPY just traded from...
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Rocket022123Test Rocket Equities & Options Report By Tommy O’Brien Feb 13, 2023 Last Monday I talked about the market looking toppy at about the 4,140 price area. It made it all the way up to a spike of 4,186 a week ago, and then the collapse really began to take hold Thursday afternoon at about the 4,140 price area. I would have shorted markets again this morning if we hadn’t open down about 1.25%. We will get moves in both ways in this market, as we move to lower price over the next 3 months. The SPY just traded from...
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Gold: $1,852.30 | Silver: $21.75 | Oil: $77.48 | Note: $110.31 | Dollar: $104.658 Market Analysis 03-03-23 The Dow closed up 341.73 at 33,003.57 with 956 million vs. 1.009 billion shares traded the previous day. The NASDAQ closed down 83.50 at 11,462.98 with 5.317 vs. 4.911 billion shares traded the previous day. The SPX closed up 29.96 at 3,981.35. The Broad Market The Dow, NASDAQ, NDX 100 and the SPX rejected lower prices. The volume was higher in the NDX 100 and the NASDAQ as they traded to a lower low then rejected lower price. When you go to lower...
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I would sell our puts on the SPY. Not really sure what is going on. Like they say; when in doubt, get out. 1 Regards, David White Path@TFNN.com Trading in securities such as stocks, options, indices, currencies, and futures involves risk and should not be undertaken without due diligence and serious independent study. Options, stocks, currencies, and futures trading involve substantial risk. Subscribers may carry out their trading based on what they learn from “Path of Least Resistance” however all risks of potential financial losses are the subscriber’s responsibility. TFNN, Corp. will be in no way liable for financial losses...
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Below that at the close, I would sell our puts on the SPY. Not really sure what is going on. Like they say; when in doubt, get out. 1 Below that at the close, I would sell our puts on the SPY. Not really sure what is going on. Like they say; when in doubt, get out. 2 Below that at the close, I would sell our puts on the SPY. Not really sure what is going on. Like they say; when in doubt, get out. 3 Regards, David White Path@TFNN.com Trading in securities such as stocks, options, indices, currencies,...