The market is, once again, a ceaseless sea of green this morning. The S&P 500, the NASDAQ, the small caps, crude oil, and bonds are all up. At the moment, we at least remain in a series of lower highs.
One key item I’m watching is bonds. We’ve got a decent right triangle pattern here. If /ZB can start to weaken, it’ll give equity bears a chance.
I got out of my very short-term QQQ puts on Monday (mostly) and Tuesday (the balance), all at a profit. I’m starting to think these aggressive plays are really just best on an intraday basis, since I’d hate to have any of those puts at this particular moment.
