UPDATE : SPY ....LONG
The day is not over yet , but as of yesterday close, the SPY is up a nice 3.65 % for the month of August. It remains above it 's 200 MA, so this trade is still open.
So far, this trade is up 67.84 % since Jan 2012. Summer is now over , and most big traders are leaving the Hamptons to head back to work next week. September and October are usually the most volatile months of the year, so we 'll see how the SPY performs during that time.
Enjoy your long weekend
Cheers
Algo
So far, this trade is up 67.84 % since Jan 2012. Summer is now over , and most big traders are leaving the Hamptons to head back to work next week. September and October are usually the most volatile months of the year, so we 'll see how the SPY performs during that time.
Enjoy your long weekend
Cheers
Algo
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