I can’t tell how the market will go in the long term, but it appears the market is calm and bullish for this short week. Also the major indexes all bounced above their support level, making these support levels even stronger. Based on this analysis, I set up several put spreads, including BIDU (125/130), PCLN (485/490 and 495/500), NFLX (250/255), FFIV (105/110), SLW (34/35), LVS (39/40), and MCP (57.5/60). Keep our fingers crossed.
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