Steel headed for correction $STQ? ….>.>.> OMG COMING INTO PLAY @ 38/40 I'm waiting for RSI 20/25 before I enter. Really bad Earnings report, still has more to sink.
RAI coming into play..>..>..> Another one to wait for RSI 25 or lower.
z-stock
I couldn’t bring myself to short SPY but I did short Q’s ahead of the employment report.
The spread today on Apr 46 QQQQ puts was bid/ask 3.12 and 3.14. That’s a 2 cent spread. I’ve recently noticed 1 cent pricing on just about every contract. Lots of 4 cent spreads.
z-stock
Interactive Brokers, $2.40 trades roundtrip.
I borrowed this chart from http://tradermike.net/ Go check his site out. He has fantastic charts. Chart by Trader Mike.
click on chart to enlarge.
And Finally The Steel Sector>>>>>
Last Sector Standing. Dead Sector Walking, , Double feature coming to a theatre near you. Look for 11% price corrections. Don’t miss the death defying falls, The incredible action sequences, Watch the Captain go down with the ship.
Doesn’t it seem odd, that the Steel sector is the only sector to come thru the recent downturn, relatively unscathed?
z-stock
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