NKE kicking it to a new high despite crap earnings

Market is totally ignoring fundamentals or earnings, it's all about computer algorithms and making the DOW complete its pattern. DOW components are pumped to ridiculous levels to get that triple top.

According to my chart, DOW should top out Wednesday. We'll see.

Trade ist aktiv:

Bought some puts today, target is $84 next week but I might flip it tomorrow like I did with IBM.

Kommentar:

Dow futures down AH on soft guidance from INTC, looks like reality finally setting in now...

Trade wurde manuell geschlossen:

Flipped the puts this morning