Tuesday, July 7, 2009

Took some profits

Closed SPY puts, lightened up on SRS and SKF. May add more hedges here for the rest of the positions.

4 comments:

  1. great call Chris. Now ou are in gorve. tomorrow the bounce may see high of yesterday but if we trun around below the high it is very bearish, we are close to breaking 875 and begining of bull panic.

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  2. long via futures as a hedge (and a trade).

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  3. I meant today's high i.e. 899. most likely we may see 897 at daily 50 ema.

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  4. I am not quite sure to be honest. I mean 880 has to break eventually. Why not here? now?

    I am a bit ticked off for taking profits to be honest - as I held those positions through maximum pain already. So there is no real need to close out there, if you really think about it, as I am looking for a break of 880.

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