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RE: 6/14/17 SPY, QQQ, IWM update
7/3/17 IWM update: I will continue to spew updates on the market index ETF's like IWM, SPY, and the Q's at this blog. Notice how IWM remains strong as the other majors falter. If this keeps up it will be the SPY and Q's playing ketchup. They pretty much are already as both set lower highs that need to get taken out. I'll post those targets as they are close to being breached. Gotta keep the handfull of people who come here "guessing"..else I don't have the advantage. :-)
Uso puts? Was that a real call or just forget about that one?
I forgot about USO for now but I think I have til July expiry on it. It will likely pull a "UGAZ" :-) It has no idear which way it wants to go.
I will log in a "hedge" long here now that the Q's has breached 136.25, the low remaining to get taken out is still 135.32 so this might be premature. Go in with a half position as a hedge. I'm going with the 7/21 expiry $139 strike calls here at .83 market as the Q's trade at 136.20..."live!"
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=qqq&x=61&y=13&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11