Tuesday, June 15, 2010

SPY chart

This is my SPY chart, doesn't look too terribly different than the MCD chart, same time frames. My point is the  markets are still trading at a higher correlation than long-term normalcy. I like sticking with playing the index itself here and maybe a few trades on individual names. I just don't know that playing individual names is much different at this point. Certainly there are some leaders and names that aren't playing along with the overall market, but those seem to be outliers at this point. I would be looking to sell a July call spread if we hit 1170 or so.

1 comment:

  1. I am also willing to sell some call spreads if we trade up near 115 ish.