Turnaround

G

GG1972

I posted in breakouts that we'll see the market reversal I think we have made the turn in this week - Lots of stocks such as RIG GMCR GS making new 20 day lows-SPY failure to make new highs I am beginning to bite to the downside. Still would refrain from shorting strong stocks such as AAPL when there is plethora of weak ones available. Long SPY June 119 puts @ 2.68

Edit: I always thought the rally would continue for just over a year-long term capital gains locked, now people dont mind taking profits.
 
Closed 1/4 SPY june119 puts @ 5.82 = +117%

taking partial profits is part of strategy but holding remaining until I see significant reason for bounce or a major sell-off
 
closed out all shorts--I didnt expect targets to be hit this fast and hard. Individual stocks did good, SPY puts almost 300% return :) 200 sma on spy was target got hit yesterday in melee and today thats exact low pretty much.
 
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which f&$$&&$ mod moved this to chit chat?
No wonder anyone good never posts here - go screw yrself mods
 
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