This news reminds me of risk of SPX500, everything is rising!!! Gold and SPX500. I am more confident that SPX500 should fall sharply.
Even it doesn't fall, I still think XBI should fall a bit at least.
I also sold my UWTI for 20% profit. I don't want to take risk on OPEC meeting.
I sold my OAS for 27% profit, because I am not sure about the stock trending any more.
SPX making new highs for two days. 2 Cross Stars looks so scary.
The earning season is about to end, the new highs makes no sense.
Bad GDP data counts a lot, job report count a little.
New weak data posted.
I think it is the time for bears to crash the market.
It is my first time to buy options. Hope everything is good.
I bought another 3 contracts CALL at @24 just for practicing exercising options.
Now I have the right to buy 2000s at 25$ and 300s at 24$.
I would like to see the price cross 30$ the next week, then I can exercise them and sell at 100EMA.
I can see tomorrow we have a huge gap up to $25 then may reach 26.++
I hope we can see $29 this week, then hope $36 before next Friday.
Even the SPX500 is not helping.
all of them are Aug 19.
Tomorrow, according to the market, I may buy another LABD option with longer time.