Replies to post #25464 on ETF SWING & DAY TRADING

[Keith K]

Hey cad,

...inclined to disagree with you here...not strongly, but inclined. I think defensive capital has rolled into the blue chips and provided break outs in the large indices. Now, the techs are poised to catch up as higer risk capital falls in line. I don't think the divergence of the DOW from the NAZ is meaningful yet.

The cue will be the SOX. If my inclination is correct, a sonic boom will be heard as it blows to 550.

A nominal pullback to 2300 NAZ / 1300 S&P over today and tomorrow would set up next week for that run up.

Meet the protagonist of my story:

[gloe]

cad, please more about how you do spreads.

thx
gloe

[rockdr]

Spreads - Cad see my message #23260 regarding my index spreads. I typically trade condors on the RUT and SPX. You must be trading the same indices?

Ever look at the NDX? Premiums are so high you could put on a condor as follows:

April 1810/1825 calls @ 0.5
April 1575/1560 puts @0.7
credit = $1.25 x 15 contracts = $1875
profit range 1575 to 1810 = 235 pts. Holy cow!