Another fresh highs for indexes today as markets retraced completely its sell off on Monday what a difference 5 days ca make. On Monday it looked like that we were heading towards a deeper correction and on Friday we are sitting on new highs. That's why options week are very volatile, on Monday put holders got rid of their position and on Friday call holders got their chance. Sector wise oil , home builders materials were the biggest gainers while bio techs and Chinese etf lagged.
Non confirmation by Chinese market is a divergence because for last two years Chinese market is leading US market.
I will post some charts for next week and my list for next week over the weekend on twitter.
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www.twitter.com/sidshar
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1 comment:
hey Sid , do you buy and sell options also ??
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