RIG Target

Just an FYI, I am targeting 52.80 to exit my RIG puts this morning.  The market is set to open slightly lower on the heals of some lackluster economic data.  Tomorrow begins a round of important earnings statements from many companies in the financial group.  I suspect due to the upcoming earnings, the market is not going to hold on to major losses or gains today.  That said, many stocks will start to trade below their 7 day moving averages this morning.  If they hold, the risk factor for the bulls rises dramatically.

Have a great day!

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Posted on January 15, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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