It is tough to trade this market at this moment, for either bulls or bears. So a good strategy would be sticking to your plan, don't move too much unless you have a very good reason to change.
1) System suggests to continue to go up. I loaded URE after cutting SRS positions, but not profitable on URE positions though. Holding URE.
2) DUG covered calls protect my DUG positions today. I will let the guard on until 8/21 opex day.
3) MGM is disappointing, with +4% at open, but closing today with loss. It still fits into my set ups: above SM200, with light volume on correction. Stop still at $7.95
4) FXP is more disappointing today, closed in red with HK (-3%) and China (-5%) crashing yesterday. Holding it.
GL!
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Morning Post 03/03/2025 SPX
3 hours ago
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