SPYSPX I came here to see people's reactions and found that many believe that SPY will fall today, and they are buying puts without confirmation—just because they see more profit in the put side than the long side. It is strange that they are believing even though SPY is rising continuously. So here is the key takeaway: Whenever you trade, you must stay in the present. I believe 90% of the traders fail in the market because they do not keep their mindset and psychology updated. The stock market needs to be simplified: if it is rising, go long, and if falling, go short. The more you complicate things, the more you lose. I would suggest scalping on the call side until SPY breaks the 600 level before taking long-term call positions.
SPXSOXXNAS100 The bears said that the market would crash last December, and when that didn’t happen, they claimed there would be a correction in January. Now that they’ve been proven wrong again, they’re arguing a March correction. Perhaps the market will start correcting only after the S&P 500 hits 7,000.
Anyways, CES has just started—it’s time to buy silicons.