It was certainly a roller coaster week for the stock market as after dropping last Monday the S&P 500 ended over 1% higher on Tuesday. Last week I was very cautious about new buying as the ECB and jobs report in my opinion made the market more vulnerable to a correction. Strong action in the futures early Tuesday pointed to a higher opening but subscribers to the Viper ETF Report were advised to close out their IWM call spread for a 30% profit as selling into strength is always preferred. The st...
It was certainly a roller coaster week for the stock market as after dropping last Monday the S&P 500 ended over 1% higher on Tuesday. Last week I was very cautious about new buying as the ECB and jobs report in my opinion made the market more vulnerable to a correction. Strong action in the futures early Tuesday pointed to a higher opening but subscribers to the Viper ETF Report were advised to close out their IWM call spread for a 30% profit as selling into strength is always preferred. The st...
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