It’s been a few weeks since I last turned that nice SPY put trade into an amatuerish loss. I stepped aside after that and have done nothing market related since. Meanwhile, the market has put up an impressive rally in the face of all manner of global uncertainty and economic hand wringing:
Contrarians are loving this market
Might as well remember SPX 1420-ish that last year’s 7 month cup’n'handle suggested:
Makes buy and hold look brilliant
That $TICK low a few weeks back that I felt would NOT mark the bottom until 1240, or bette,r was a wonderful buying opportunity. 80 handles to be more precise:
80 handles of pure wall of worry rally
Given that I’m now working 12 hour days I rarely have time to look at the market, but it’s plainly evident I missed quite a money making opportunity on the long side. Ouch.
I’ll spend tonight and tomorrow seeking something that looks profitable.
