Did you let out the bears? SP500 lost 50 pts in two days.

oil/energy will be interesting. while crude stocks are approaching physical storage limits, we now have this!

Crude steady after Saudi launches military operation in Yemen
http://www.cnbc.com/id/102535687

Not even a blip on the long range chart

still trending up, so gonna hold on to my position a bit longer
yeah, considering buying a few more long term options contract

will hv to watch closely next few sessions.

there is lot of nervousness with coming earnings report season - many with foreign earnings->strong usd will mean poor earnings.

also, last night's meltdown in biotech n semicond... what does that mean...?

my guardian was on leave.

they had good rally recently. so....

bear arrived.

bear-bear expected tonite.

dow futures -1%, s&P - 0.8%, nasdaq -1.2%.

happy hunting!

Big thanks to the Saudi airstrikes, Oil prices jumped back above $50.

Still got some XLE left. Going to let it ride up.

>.> another dip
now i'm not sure if my contract can last for the trend to resume

which contract is that?

SPY and MMM. Both expire MAY
if can resume uptrend within 20days den im good... hopefully bear just taking a quick walk

Naked calls? Well, traditionally April/May period is when market usually weak (you know - sell in May mantra).
Do be careful here.

Anyway, good luck! I hope they will work out for you.

nope, just normal call contract.
k noted think gonna be less greedy and settle if the trend resume shortly

was hoping to sell at new high riding the previous uptrend

The support for SPY @ 201-202 still there. I think I'm going to sell PUTs to see if I can get it.

This post has been edited by danmooncake: Mar 26 2015, 11:25 PM

loaded SPY CALL, aiming lower profit with more contracts... which at the same time increase my risk exposure
now watching n praying from the sideline

took a nap, came back n saw quite a turnaround!

n looks like the yemen bombing effect has fizzled on oil/energy sector...

We need more airstrikes.. for oil to go back up.

actually, there r us airstrikes on isis in iraq now.

will be tough for oil price to rebound significantly so quickly - simply too much supply vs demand.

if and when storage actually runs out in a few months, that will be unchartered territory...



hope indices end positive today. been too many sessions like this of late:



This post has been edited by AVFAN: Mar 27 2015, 01:31 AM

you prefer bull now? i opposite. for overall market lah. as for oil, i prefer bull.