Well, while the whole market went up, SLB moved lower. This is the third day of decline. There is more room on the downside.
Category Archives: Options
Taking profit …
Closed puts on QQQ, IBM, SLB and CSCO.
It’s Friday. The market moves lower as profit taking goes on with the excuse of weakened consumer sentiment in May.
Market moved higher …
Closed QQQ position. Long puts on IBM, SLB and CSCO.
The market keeps moving up despite talk of possible correction in the near term. On QQQ chart, the last hour surge repeated again.
Last hour surge saved the day …
QQQ rose today from the sharp drops in the two previous trading days. A big surge in the last hour pushed it back into positive territory.
Tomorrow will be a choppy day after TI trims its outlook for Q2.
Reversal?
