Monday Chart Perspective -
Covering $SPY $IWM $QQQ $XLF $XLE and more $NFLX
In this edition of the Hindsight trader blog I am going to go over a few of this week's trades; what I saw in them, why I chose the structure I did, and whether they were successful or not. For the most part this week I focused on selling premium as I anticipated that after the initial gap up this week, volatility will remain low and we will see the market remain in a tight range.
After the market bottomed in March 2009 every single dip along the way has turned out to be a tremendous buying opportunity. The S&P500 tagged a new all time high yesterday. This morning, another terrible terrorist tragedy overseas has done little to dampen the euphoria in the stock market.