TNA/JPH – The idea is, if you are generally bearish, you want to try to find something to capture a bounce on the way down. Sort of a quick insurance play, in case things turn back up again. It's not really worth jumping in if you have nothing to protect.
ISRG/DM – $380 is where we think they should hold, worst case. And, of course, when a stock is down with the market, we don't really hold that against them.
When we see things selling off on top of sell-offs they already had – it's possible a bit of panic is setting it – not a good time to try to bottom-fish.
Not getting the big move in Silver I had hoped (/SI) but $19.53 now so stop out even at worst.
Last week's lows were Dow 16,015, S&P 1,814, Nas 4,052 (blew through that today), NYSE 10,271 and RUT 1,106 (also gone).
Below here we have support at Dow 15,800 (200 dma), S&P 1,760 (200 and 10% line), Nas 3,950 (200 and 20% line), NYSE 10,000 (200 and Must Hold) and RUT 1,050 (the 5% line).
April 15th, 2014 at 12:27 pm
TNA/JPH – The idea is, if you are generally bearish, you want to try to find something to capture a bounce on the way down. Sort of a quick insurance play, in case things turn back up again. It's not really worth jumping in if you have nothing to protect.
ISRG/DM – $380 is where we think they should hold, worst case. And, of course, when a stock is down with the market, we don't really hold that against them.
Not getting the big move in Silver I had hoped (/SI) but $19.53 now so stop out even at worst.