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SyndicateTwo

04/24/09 12:39 AM

#415 RE: TycoonSoon #414

Both always go up this time of the year. But remember, the biggy this year will be Oct 28th!

Now, I am buying tomorrow the June $26 Puts on the XRT for $2.10 or less (hopefully). I'm also buying the June XLY $23 puts POSSIBLY. Not for sure just yet. The $NYSI and $NASI are both WAY TOPPY, almost records. The MACD on both are starting to roll over. I'm torn though on the possibly last leg higher to 900 to 950 on the SPX. If that happens, it should be quick and over with next month.

So, just half positions in these.

Also, the XLU is turning and I'm looking for a put on FPL.