Markets remained mixed today with dow s&p500 gaining while nasdaq composite losing some ground after big sell off on thursday last week. Oil/Energy/Materials took the brunt while reits had some gains. Markets are a little oversold now and may consoildate here a little bit but there could be some more weakness in the cards.
For a trade I sold puts in DBC DBA and XLE and wont mind being put away in them. I would be also stalking USO and UGA another 5-7% lower from here as well as adding to UNG another 6-8% lower from here.
Also an update on my SPY put verticals trade which I put couple of weeks ago, the trade is in green now and I plan to hold it a little longer.
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About Me
- Sid
- A techy at heart who tries to keep in sync with ever changing technical and business world. A producer, architect, developer, leader, all rounder, like to do what I really love- Technology
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