US Market outperformed global markets today. The supports/resistance were held; the market is no hurry to climb or sink. Market is complacent, but we cannot be.
A pair trade was opened today, which will be rewarding in all three scenarios:
1. Market upside - TXN will be in the money
2. Market downside - STX will be in the money
3. Flat market - Feb legs of spread will expire worthless
VIX position should return approximately 25% in the 3rd week of Feb. Patience will be rewarded.
Quite, a few stocks were on my radar in the morning, but hardly few met the thresholds. Better safer than sorry!
34% gains were booked today. Wasn't it easy?
Today's views on the blog touched 200 mark. I am excited!
Please review mywealthyoptions on investimonials. Your honest feedback is appreciated.
Talk to you tomorrow.
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