Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.64

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Feb 6 4:00 PM EST

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To: GROUND ZERO™ who wrote (31465)	5/1/2012 4:34:37 AM
From: Gary105	Read Replies (1) of 223045

GZ, do you have a sell signal S&P target for this week? The employment numbers will be released May 4th at 8:30 am. They will show whether last months numbers were an anomoly or not. If the latter I think we could get a steep drop. I took profits on SSO yesterday and will wait for sell signal to buy SDS. I saw your posts about writing covered calls. While this may work with futures, my experience is that it does not work on levered ETFs in a volatile market as the ETF has a natural tendency to lose value over time. If the market turns against it, it loses considerable value - this loss overwhelms the gain from the covered call.

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