Thursday, December 3, 2009

Thoughts

The last three candles on the $NDX including today are starting to look like this index could be losing a little steam. I don't see the Nasdaq dropping below 1750 any time soon, more of a channel forming. Same with the $SPX and $RUT, a channel is forming on all of them which make me think that we will not see much action the rest of the year, and I'm OK with that! I still think that we could get a Christmas rally, but no signs of that yet. The reason for this post is to highlight some key charts besides the indices I like, and these all could be short put ideas for Jan.

CME is continuing to look good for a cash secured put.
AAPL today came down and is testing an uptrend line, with this test I think a short put would work out good.

No comments:

Post a Comment