Shake and Bake! We play for keeps!
I closed some of my SPY and DIA Puts. Still holding my XLF, MS and BWLD puts.
Took a loss on my CNQ and HAL.
I entered a Put position on SPG(Simon Property Group). For the obvious fundamental reason, that SPG is the owner of commercial real-estate properties. If you haven't heard, retail is spitting up blood and dying and finally people realized they don't have money to shop, as this continues store closings will increase. Empty properties mean loss of revenue and profit and so on and so on.
Lets look at the chart though.
This a 10 year weekly chart. The 200MA and 50MA have now formed the death cross. The Trendline is clearly broken and both the Stoch and MACD are coming close to sending a sell signal. I will add to my put if I get these signals. My out is 52.26 and I am looking for 30's for a target.
