stock market today, stock market

[Weekend Summary] Dear Member, Another lackluster week for me. I cut my losses by selling the puts on Advanced Micro Devices (AMD). SPY is still bearish, staying below the 200 day moving average and that is good for my bear call spread. The initial straddle on QQQQ that was converted to an in the money strangle is holding well and should only increase in value if the implied volatility climbs or if the stock moves fairly quickly in either direction. Micron (MU) and EBAY are still in the uptrends that began in April. I own LEAPS calls on each. Today looks like it might have been a follow-through day perhaps a signal of a bullish move. The caveat is that the Dow 30 is still in the downtrend that began in March, the Nasdaq in a downtrend since August and the SP-500 in a downtrend since July. The SP-500 is below the 200 day moving average and the Dow and Naz are both below the 50 day moving average. Volatilities have recently turned down which adds to a bullish possibility. I'm not on the bull wagon until the downtrend lines are broken. I'd like to see a definitive direction to the market and it looks as though we may be getting it soon. Have a wonderful weekend. Bill
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