Hot Option Plays: Markets Challenged
Cusick’s Corner 03-28-2012 The action overnight in China rolled over into the US markets and the S&Ps are now challenging critical short term support levels (mentioned yesterday afternoon 1395/1400 on the S&Ps). Tech, QQQ, and Small Caps, IWM, are really struggling at this stage, which is that “tell” and if they cannot turn around then [...]
Cusick’s Corner 03-28-2012
The action overnight in China rolled over into the US markets and the S&Ps are now challenging critical short term support levels (mentioned yesterday afternoon 1395/1400 on the S&Ps). Tech, QQQ, and Small Caps, IWM, are really struggling at this stage, which is that “tell” and if they cannot turn around then this could be a potential negative tell at these levels. Some weak longs, scalpers/ traders who got in at higher levels in the general market might be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards