6/27/2017.
Today's stock market action was more than a little eyebrow raising.
Today we watched the US dollar plunge, and we also had a rebound in crude oil. The other place where there was action is in the bond market, with a 10 year yield now touching 2.20 and the tech sector also got hammered.
Earlier in the day I initially opened up a new unhedged call position on under armor (UA) however, as the day progressed I did take up a hedge. I also bought calls on ticker USO, unhedged with A September expiration date and a strike price of $8.50. Today I also added to my calls on ticker SLV. See all my current positions, click here: https://www.traderschoice.net/money-page--stock-picks.html
*If you are a trader, I do outline how to hedge your positions quickly and easily in this publication, click here: http://www.lulu.com/shop/gregory-mannarino/options-trading-a-simple-effective-way-to-hedge-your-trades-includes-a-new-technical-trading-system/ebook/product-23108108.html
I believe it is important for us to all keep a close eye on this market, because the level of complacency is truly off the charts. Moreover, today's spike in volatility may mean more losses lie ahead for this market.
Gregory Mannarino @marketreport
