Noon update:
NDX is holding on to 10 dma support, but SPX is now below its 50 dma. Noticing more +200 reads on the ISE equity only call/put, and that means we should drop much harder in the coming days, if not today. Do not play hero and try to buy into this. It is not worth it.
Everyone is very bullish on AAPL for Monday, but remember those extreme levels of optimism I pointed out the other day with the June options and the 195 and 200 strike. I don't care if it does go higher, it's also a gamble that is not worth it.
NDX is holding on to 10 dma support, but SPX is now below its 50 dma. Noticing more +200 reads on the ISE equity only call/put, and that means we should drop much harder in the coming days, if not today. Do not play hero and try to buy into this. It is not worth it.
Everyone is very bullish on AAPL for Monday, but remember those extreme levels of optimism I pointed out the other day with the June options and the 195 and 200 strike. I don't care if it does go higher, it's also a gamble that is not worth it.
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on Friday, June 06, 2008 at 6/06/2008 12:01:00 PM.
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