Thursday, 22 November 2012

NovWk4 - Market Update

So the SPY gave us a conflicted message last night. On the one hand I looked as if ready to burst into an upward trend and then the next, it shuts off quiet into slight negative territory.

Finally it decided to end it at $139.45, up USD 0.26. The high was at $139.57, commendable effort. But it still is not enough. The premiums are mostly competed away by now and even if the price were to go up on Friday, I think it will naturally run out of steam quickly.

One more day to go! That's all for now.

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