My transfer says complete but the money is still sitting there so I don’t know what happened. However, I’ve acquired some starter positions for today that I’ll be holding overnight probably, I’ve still got enough cash to marginally average down if need be.
SPY I’m bearish on at this price level, especially heading into JPOW’s speech tomorrow @ 8AM. As noted @swoleappa wisely noted in SPY - Broad Market Analysis I think daddy Jerome signaled that he’s going to be a bit negative tomorrow and I think SPY may react accordingly. In my opinion our economy is fine for the moment however, there are some factors that I don’t think the market is quite taking seriously enough, not the least of which is the Russian sanctions effects that may not have been so immediately felt.
Holding this put overnight and into tomorrow.
Given SPY’s run today I decided to take some more OIL calls because I don’t see any price padding on the horizon at the moment and SPY likely made it slightly undervalued. I’ve done the same for WEAT because my fetish is apparently donating money to the market makers of that ETF. It’s falling off a cliff as I’m typing this so I suppose I’ll go jack off and rub my nipples because I’m a bad boy who is getting exactly what I deserve.
Going to be concentrating on some dev work for the remainder of the afternoon with some averaging down mixed in so just look for the notifications on that.