Stock Market Top Yet?
Stock-Markets / Stock Index Trading Sep 13, 2009 - 06:25 PM GMTThis is the million dollar question...
SOS Timing Indicator
Indicators are at an extreme, this can suggest a top. We also have a key reversal date on 9/14 - which is Monday. So well recommend puts.
Stock Options Speculator uses the above indicator in the establishing of various options trades and strategies. The indicator has two frames. The top frame shows the Nasdaq Composite and the Nasdaq Advances and Declines. The lower frame shows volatility (candles), the equity put call ratio (red line) and the Trading Index (blue line). The height of the indicators determines if call or put buying strategies are recommended.
Options Trading Ideas
Based on the SOS Timing Indicator or other special market conditions, the above 10 trades are recommended for consideration in your trading plan.
Risk Graphs
The following risk graphs show stock price plotted against potential profitability. They're listed alphabetically.
Closing Bell
We are looking for a top this week, maybe even monday. So Id use any strength to enter these positions. This has been a good run - and we even have another cycle date of 9/21. Im thinking October looks ugly, unless the market can do the damage it needs to and mark a bottom. Were a long way from there though.
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Regards,
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By Jay DeVincentis
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