Hi Tweets,
Offsets are good until next week Friday.
Not sure about the next week after that, but looks like it may well be bumpy going into WWW on the 11th.
I suspect up into expiration, but August has more Bradley turn dates than I've ever seen in a month.
NOT that Bradley is always perfect, BUT it does very often amaze me as being credible.
No real clue what a lot of turn dates means, as Bradley turn dates do not tell us positive or negative.
I'm braced to hunker down and ride it out.
In volatility is opportunity, so I'll be glued to the computer more than usual I expect.
That being said, a lot of TA targets have been met and we may well be seeing extensions in a final 5 wave(of 3), which of course could well truncate.
Suffice it to say, it is time to pay attention and be nimble, my weakest ability.
If we have a nice pop this week, and you have doubts about a particular stock, consider a sell and maybe buy it back cheaper is what I'm thinking.
I've sold quite a lot of puts hoping to get some high dividend yielding stocks assigned, and hoping to add to some great stocks.
It, IMO takes a good luck dip to get those assigned, so I'm ready for that possibility.
I do NOT see Armageddon by any means.
That being said we are due a correction/reset, and some sectors have already gone through that.
I see a possible rotation at the worst.
Bob |
