At the risk of giving everyone whiplash………..I've taken a hard look at the indexes, and in spite of this morning's SSO skin-burn, I'm still leaning toward the bullish side. The majority of my long positions, established yesterday, are still in. Looking at the $NDX, I am more comfortable with this trade. I have therefore gone long the QLD with a stop at today's lows.
Thanks, Moo, for putting doubt in my head about my index puts 🙂 I think you are right.
