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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: penthouse mike who wrote (50582)	5/21/2013 10:15:33 PM
From: GROUND ZERO™	Respond to of 219665

Actually, I bought the SPXU which is a 3X short SPX, but I still have my original long SP positions with written calls on them... I think this market is going much higher, but I don't want to be exposed to any serious and sudden down draft along the way... so, now with this added SPXU position, I feel safe enough... it will reduce upside profits along the way, but with the VP and the NT currently interfering with the rally, I feel better being insulated to some degree right now... GZ