1. Bought GS Puts earlier at GS 158.
2. Entered BGZ at 12.25 AH.
3. Entered FAZ at 11.11. This is a swing trade. Market may go higher but I think risk-reward is good here.
Update on Saturday at 11:22 a.m.:
I may sell BGZ, in view of my earlier analysis that we are setting up for one more move up to at least 1220-1230 on the SP 500.
I'm pretty sure I will get good prices on my FAZ, if I choose to sell it and on my GS Puts, although I will only sell these at a profit. The spotlight will be on financials next week, and I think they will struggle.
I think that bulls have made a point by closing above 1200 SPX on four consecutive days. The point is this: 1200 resistance has likely been broken.
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