There are some charts in the QQQ, IWM and SPY that are starting to look very tasty for short term Call trades, I mean short term, as they start to fill the gaps.
Since I'm a bit more interested in dumping calls I'm not sure I or we want to get too involved unless these start looking like money at our feet. Right now I'd say they look like higher probabilities of an upside move coming not too far off, but I'd like to see something screaming if I'm to get any further involved in long positions.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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