Weekend Quickie – Time to Pick Up Some Protection? Puts on the Q. . .

in #money6 years ago

Are there many reasons for the overall market to go higher?


Hi Steemians, I'm @holsturr.

This same article is on my website with our affiliate link to a free trial of TradingView Pro.


Thanks in advance for lending me your attention!

Other than the resolution of U.S. and China trade concerns, there don’t seem to be a lot of good reasons for the stock market to rise as a whole.

Back in March, traders were discussing “the most anticipated selloff of all time” as trade, political, and monetary fears were sending the market down off its highs.

Concurrently, traders were gearing up for a meteoric advance in prices as earnings came in strong.

Judging by the price action, these two theories are in vigorous, directly opposed but equal competition with each other, and as a result we can see the QQQ trading in a volatile stalemate.

Indeed, most earnings are coming in very strong, but with undertones of lackluster guidance. Guidance aside, market wisdom dictates that good reasons are needed for prices to climb (traders\investors often need good reasons to buy), but prices can fall on their own account.

Are there many reasons for the indices to head higher?

Are there many reasons for the indices not to fall? As uncertainty continues, traders are considering downside protection with puts or short positions on the market, even as upside bets are being made on certain stocks and sectors.

💰✨Remember… Every single person is their own trusted expert and seeking to promote yourself in that role is vital today, now more than ever.


This has been @holsturr, thank you for reading!

Please feel free to comment, resteem, and follow me!

EBT cardholder? Get Amazon Prime discounts!

Recent votable posts:

We participate in affiliate programs to fund content creation, please see our disclaimer for details!

Thanks again! 😍🌷