Tuesday, November 18, 2008

SP

For those of you reading last Friday, you know there was a sell futures/ buy puts recommendation when the SP's rallied to 914. We're now approaching the buy zone, low 820's (it was listed as 823 on the Buy/Sell Zone page of the Stops and Options website) but now looks like 21). which is where you would want to roll the put down to take some profits off the table. NQ is in similar position. A very aggressive trade would be to buy sp's here at 827 and risk to 810. Upside target is 880.

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