Hot Option Plays: Da Bears Scored
Posted on May 04, 2012 at 17:45 PM EDT
Cusick’s Corner The action today established new lows in Tech, QQQ, that broke support, negative number 1. Also, as I noted last week, the Small Caps were lagging the market and at this stage are setting up a potential break of early April lows, IWM below 78, and this is negative. This is a drill [...]

Cusick’s Corner
The action today established new lows in Tech, QQQ, that broke support, negative number 1. Also, as I noted last week, the Small Caps were lagging the market and at this stage are setting up a potential break of early April lows, IWM below 78, and this is negative. This is a drill on discipline, not a fire drill, in other words this probably is not time to panic and run for exits but it is time to tighten up risk, i.e. cut size or hedge, and if not positioned this would be a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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