Market is totally ignoring fundamentals or earnings, it's all about computer algorithms and making the DOW complete its pattern. DOW components are pumped to ridiculous levels to get that triple top.
According to my chart, DOW should top out Wednesday. We'll see.
According to my chart, DOW should top out Wednesday. We'll see.
Trade active:
Bought some puts today, target is $84 next week but I might flip it tomorrow like I did with IBM.
Comment:
Dow futures down AH on soft guidance from INTC, looks like reality finally setting in now...
Trade closed manually:
Flipped the puts this morning