Monday, April 30, 2012

5/2/2012 updated comments $MA chart and setup

5/2/2012 - got as low as 440 today, might not make it down further. tone on FM seems to be bullish still. would classify this as a bullshit selloff.. will be eyeballing a June spread asks are wide as usual with mastercard, would do an AON order if trying to enter in afternoon.


mastercard had nice run last week, earnings coming up this week. so no entry till after..would like to see some type of selloff back closer to the 50day near 425. any new credit put spreads to be at/below the 405 lowfrom march.