Replies to post #51255 on SPDR S&P 500 (SPY)

[Fox13]

My Strategy:

Indexes: I have reasons to think that the WAVE 3 down is here. Starting to build Calendar Put Spreads: b.Jul/ s.Jun. I buy first; then sell when in the green 25-40 c/put, to lock in profits and create a good “time“ entry, for further profits. These are both early entries, since the big time decay for Jun will not start for another week. From now on, it’s pure opportunism into OE.

Stocks: Already sold al the long BIOTEX positions (previously posted) , while the CNBC dudes were pumping them. Now ASCO is over and no miracle happened.. Therefore, short most of them except DNA, who killed IMCL. Already down: SEPR, GILD, AMLN, ALNY. CELG ready to drop NOW. Shorts are to be kept selectively for 2-4 days. If you decide to play this, read the fundamentals first

[be]

Gleno, thanks for the CLOUD charts , they are very helpful .