I've been watching BABA's chart, it seems to me it doesn't have time to pull off the head fake move below $80 as the market looks like it's getting a very short term toe-hold again here.
I will be opening the BABA May 15th $80 call in the options tracking portfolio , but at 1/2 size or speculative. If for any reason we do get the $80 stop run, as long as the move is confirmed with short term positive divergence (accumulation of stops), I'd add the second half of BABA May 15th $80 calls.
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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