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The dow, S&P500, Russell 2000 all closed at the lowest point of the day, a 90% down day, all 30 Dow components lower @optionpundit
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and the big volume is yet to emerge for the day :) @optionpundit
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unless something miraculous happens in last 30mins, I think today will turn out to be a 90% down day,all Dow 30 components are trading lower
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volume surged in last 5mins. Dow needs to defend 8,250.
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Posted another trade idea for the bearish market outlook. Trading via VIX spread. Pls check this out (http://tinyurl.com/ksjlsq)
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Latest OPN weekly update/outlook is posted. Pls click to read. (http://www.optionpundit.net/optiontrading/opnewsletter-jul09-2-64)
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Could I have said it any more specific :) @optionpundit
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Check out your inbox for an adjustment for DIA portfolio (OPN Members)
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if u r a OptionPundit blog registered user (free), check out latest post for 7 things to know about recent action http://tinyurl.com/mcy6yg
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OPNewsletter members pls check e-mail for an adjustment. Markets are behaving almost similar way I called out in the weekly outlook.
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OPNewsletter is up +3.55% for 1st week. Weekly outlook and portfolio update is posted. Check it out (http://tinyurl.com/mc4otv)
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#RIMM trade was closed for +20% or more (check out the details here) http://optionpundit.net/forum/index.php/topic,483.0.html @optionpundit
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just posted a trade idea for playing #RIMM speculative trade http://tinyurl.com/l6egkt, play with what u may afford 100% loss on
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Dow needs to hold on to minor support level of 8,600, else we are looking for further downside.
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Posting Jun'09 update (http://tinyurl.com/n62ocf). All+,Net gains + 14.7% (http://tinyurl.com/q3j39w)
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Y'day was a 90% down day so a typical 2-7 days rally is expected. But don't forget this is in the face of overbought indicators,so b careful
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Jun'09 was a record month in 2009 for OPNewsletter. We invested 60% of capital and generated +14.7% (x-commissions)returns,highest for 2009.
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Just posted new portfolios for the Jul'9 month for OPNewsletter. Pls check out the forum (http://tinyurl.com/mq8r8n)
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posting a bearish set-up for #AAPL trades http://www.optionpundit.net/trade-ideas/a-bearish-apple-aapl-trade
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OPNewsletter up +11.7%, RUT Iron Condor closed for +23% (not a single loss since OPN was reopened in Jan'08) http://tinyurl.com/otp5tc
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