Thursday was another great day for the bulls on Wall Street, and another great opportunity to get short for me, as I believe this market is well overbought on the short term. The market sold off a bit going into the close, my guess is because some were taking profits before the GDP numbers. The stock market major indices are up huge since July 1, 2009; Dow Jones Industrial Average up 8.38%, NASDAQ up 8.13%, and the S&P 500 up 7.33% (click chart to enlarge). http://optionmaestro.blogspot.com/2009/07/how-to-profit-protect-s-50-wit.......
How to Profit & Protect the S&P 50 with Options in this Overbought Market
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