2023-02-09 09:23:51

I am often asked about the long SPY comments in the daily market commentary for longer term swing traders. My comments have a fairly wide reach and these are longer term (more than a month) positions. Most of what we do in the chat room is well inside of that window. I do like what I see in the market longer term. I am not an over the top bull at this stage and I feel that there will be a bottoming process. I do NOT feel that the bottom is going to drop out on a Black Swan event. That risk is minimal and the economy has weathered a pandemic and the fastest interest rate hike we have seen in decades. A few months ago I felt that risk was higher. That means that selling bullish put spreads is back on the table and I will try to find a few during each week.