Monday, April 5, 2010

Doing Nothing

We are getting closer to the turning point but not quite there yet.  I think we'll get another bump higher after today's Fed meeting is out of the way.  Just sitting on my hands and respecting this strong trend.

2 comments:

Anonymous said...

It's like waiting for a winter storm to ride a wave in the summer.

Anonymous said...

I think I understand how Neke made all his money.

He just went long options.

Check out the april calls in LVS. LVS today had 10% move, pretty good move but not uncommon amongst market stocks.

All the calls that center around the 20 dollar area had moves from 50% to almost 100%.