Thursday, June 04, 2009
Where to Next?
Looking quickly at the S&P 500 chart this morning, I still see mid term downside but with the potential for some quick explosive short lived run ups. Sold CGR and SGEN calls last week for some moderate gain. Noticed SGEN at $9.97 since (naturally). Sold UA, HAS, and CPKI shares to pocket some double digit gains. Will watch UA and HAS for reentry points again. Like the charts of a host of equities for a sooner rather than later bull market but again I see declines ahead for good measure and firm footing. I do have a keen eye on COIN as I started a position - stock, not options - on Monday. Also watching to see how CAH behaves as it nears $28... again. PLA is also intriguing with the pullback. We shall see...
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