My paranoia yesterday was appropriate! Powell is going to be sure to buy any weakness, and as the chart of the Dow Industrials shows below, today is pretty much an upside-down version of yesterday. No problem, Jay. I took good profits yesterday and am reloading for a head-shot today.
Below are three ETFs against which I just bought fresh options (long-dated, as always, and in the money). I’ve moused over short-term resistance levels. Here are financials:
Consumer Discretionary:
And the Metals & Mining sector:
I’m probably jumping the gun (I mean, it was only 24 hours ago the world was falling apart), but patience isn’t a virtue I possess.
