Kudrna's Stock Market Talk

Breakdown: I sold the Visa October 28th weekly 90-87.5 Put Spread & 92.5-95 Call Spread for $1.45 total. (more…)

If you look solely at the markets through technical analysis, you can make a pretty solid argument that we are only seeing healthy consolidation before a further move north.  The low volume plus relatively short trading range, over the past few days, helps make a compelling argument.  The only negative is that we couldn’t stay above the 200-day moving average. Since we saw a significant run-up in the markets, it’s not much of a concern as the trading range was fairly tight. (more…)