Silver Ready to Break, but Which Way?
I'm sticking with my plan on the earnings trades. Actually, I am barely staying in them long enough to even call them trades.
Win, lose or draw, earnings names are the few names avoiding the high correlation with the overall market. I'm out of both Baidu (BIDU) and Peabody Energy (BTU) already this morning, the first one being a solid winner and the second being a solid loser. Fortunately, I did limit my risk and size on the BTU trade as I spelled out yesterday. When I couple that with the fact the BIDU unbalanced butterfly was more than a double, I can still walk away from yesterday's trades with enough to take on today's action. And today promises to have a lot of action....249 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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