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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 674.96+0.9%4:00 PM EST

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To: GROUND ZERO™ who wrote (56857)1/28/2014 7:58:44 AM
From: robert b furman  Read Replies (1) of 219320
 
Good Morning GZ,

I'm just trying to get cute here.

If I lever my account - it must be on an extreme down moment.

I have some momentum indicators that are slower than others and am waiting for them to confirm.

Intc and T are two stocks quick to begin the recent downtrend. Amat and Csco were late to begin participation.

So I'm looking for a modest last decline, but a decline that has broad participation amongst the many.

Trying to catch the tail and not endure draw down.

I'm OK if I miss it as my position is fully invested.

I must see my last minute buy trigger to get a bit levered.

If ALL the puts I've sold resulted in buying stock - I'd have cash to buy a nice dividend yielding portfolio.To lever that I'd have some margin but at a lower cost than the dividend yield would produce.

With this long market advance there is not that much premium built into puts - so it requires more fear/down.

I'm hoping for another final wave, that's get a bit more fear in the market - read that premium in puts.

Looking at it this morning I think it is a buy today:

screencast.com

With the markets crappy acceptance of aapl's record quarter and the impact aapl has on qqq's I think the open is a great opportunity to time.

screencast.com
Bob

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