We are set for the beginning of the week with two puts. The Sept. jobs report will not happen until this coming Friday and who knows what will happen Monday, Tuesday, and Wednesday. But according to the charts, things don't look too good and I am protected from down days with my puts. One short term, one long term for both possibilities: a slight drop or a more deeper drop.
You might say, why not any calls? What if the market goes up?
It just doesn't seem like there are too many up days in our quiver. The market already moved due to Yellen's upbeat speech, but all the problems I outlined earlier are still very much the situation. The technicals themselves also show the bear will continue.
This is not the time to jump in long term, wait for a dip before you do that like I did last week with BMW.
All eyes on Monday,
Tradinginsider
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