I feel good about LQD, but the jury is still out on XLU. Since I partly blew the puts so bad, I’m wondering if I’m in the midst of blowing the calls as well.
Earlier today, I told my premium members that I had taken profits on my LQD and XLU long positions. I feel good about LQD, but the jury is still out on XLU. Since I partly blew the puts so bad, I’m wondering if I’m in the midst of blowing the calls as well. Here we see that XLU has challenged support a couple of times, but has yet to break it.
My original target was 59.28, and I didn’t come anywhere close to it. Time will tell if I’ve managed to blow this thing in both directions.
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Comments
Log in or sign up to join the conversation.