I am tempted to use the term ridiculous rally, because that is what it may seem like to stock market bears.
Momentum has a mind of its own. There has been so much of an upward bias, that even while it is weakening, it still prevails.
I am looking to sell some GLD and TLT puts for May expiration to add to the short April puts, but would like a decent dip to open the positions.
Long GLD, TLT
neutral SPY (four positions net neutral)
No comments:
Post a Comment