2021-10-06

Weakness in Energy May Support Tech

Quick note on the very short-term heading into options expiry next week. If energy sells off here, it should depress interest rates and that it turn could boost tech, and along with that the major indexes. That would delay a deluge break in the charts until after opex. I've been looking for attractive prices on November and December puts on many of the charts I've posted, along with many others. Posting will pick up as I go through 100s, maybe 1000s of charts looking for the best setups. I'm not a short-term trade and look for major trend breaks, so while I am getting extremely bearish, in the very short term there may be much better entry points offered.

No comments:

Post a Comment