So…
Trump today says in the pre-markets that negotiations are once again going well and we will get a deal soon…Market pumps. Almost 1.5% on $SPDR S&P 500(SPY.US).Market opens…people use the pump as a way to exit and we dump. Now barely green on $SPDR S&P 500(SPY.US). Oil spikes to $103. The playbook is becoming comical but it also does not easily allow any buy the dips or shorts because there is no trend, you may be able to time the opening move but if the market thinks the war continues…any dip buy gets punished. If Trump tries to convince the market that the war is over, any short can get ripped badly. It is one of the most incredible times to see how prices react to headlines and it feels like the covered call is somewhat of a solution but realistically, until this war ends, there is no way to accurately even try to think you easily have a gameplan.Source: amit
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