If you had any interest in IYT, Transports which was opened as a Put position yesterday and at a decent profit today, I believe it's starting to run out of steam. I took on a speculative position size so I may add to it, I'd like to see it break above yesterday's close, but in any case, the intraday charts are starting to make it look like a nice entry again.
I'm not entering right now, but I'm bringing it up in case you want to take a look as I feel it is close.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment