gfp: RUT^ is back down to 1350 again. It had rallied earlier but is dropping like everything else in the wake of the health care bill failure. The big post election romp in the markets was based on nothing but hope. A health care bill failed. If Tax cuts suffer the safe fate...look out below. The Fed will not prop up the markets in the Trump era like they did under Obozo. The Deep State would rather see Trump fail, and nothing will make him as unpopular as a bear market. Reports are out there that liquidity is drying up somewhat. The market has been in a channel for a while now. If it doesn't break out higher soon then a downside move below the "box" could gain momentum. If I buy LEAPS with a 2 year maturity I don't have to have perfect timing. In fact buying at the tail end of a rally like I did with SRTY is beneficial because downside protection with options or futures is cheaper. Once an avalanche has started the price of puts goes up considerably. I just need 3 or 4 closes of the Russell below 1350.
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