Broketothebone

Broketothebone

Those in calls already are sitting nicely. Especially if they have taken out their original money from their profits. They now have a free trade basically. As for us, who have missed the run, the question is should we chase?. I say, don't chase. Wait for a pullback. Or if you wish, buy a small amount. Do not buy 10 far OTM calls, when you could just buy 1...

Broketothebone

This week has ended with a hammerhead. And this is a worrying sign for Bears because it seems they spent the week doing a bear trap with Iran news and Port Strike which conveniently has been temporarily resolved right before Friday open. I expect continuation on Monday. So expecting a pump Monday, on top of a gap up.

Broketothebone Updated 

Spy has now broken out of consolidation. I feel election year is gonna push this higher along with the economic downturn. Some will say economic downturn? How is that bullish. Its bullish because, the last thing America would want during an economic downturn is their stock market to collapse. They keep propping this up until the foreign money in the US market...