As a quick follow up for those who read our last article, "What all investors need to know for Monday the 26th". We said "reduce risk at 1150". Today we told our members to reduce some, but not all at 1155 to 1160 pre-market. This market is moving on headlines and if there is not any headline risk tomorrow we push up to the 1176 to 1180. The 1185 region would be another area to take off additional risk. Wednesday and Thursday has a lot of fundamental and headline moving news. If you are a long term investor think about overlaying your portfolio with some put options. We have been trading in this 100 point congestion and 1204 & 1216 could be reached and SHOULD be sold.
|