We have had more than a week of "up" days with no real pullback to give traders a good feeling about moving higher. RATE has had nine up days in its Bear Flag. I am banking that as it gets overbought and closer to the descending trend line, a nice down day is around the corner. So, I loaded up on more PUTs.
The Market has a much more bullish basis to it right now but earnings season starts tomorrow and that could all change.
1 comment:
Go bears on rate!!
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