If tomorrow SP 500 drop more than 10 points ( close under 905), I would long the market ( buy SPY and/or BGU ) with 1/3 of the buying power with stop of 5-10 points SP500 drop. Then, if Friday SP 500 drop again, no matter I stop out or not, will buy more. I think by next Wednesday, we may see SP 500 at 940 but I may not hold my positions for that much.
OE week is hard to trade for me. I think the market would start to drop after next Thursday and we mey see sp500 under 800. in less than 5 weeks after next week. |