In this week’s video, we take a look at the SPY and what we’re looking for in the next few days. We had a nice 5% move between Monday and Wednesday due to the Fiscal Cliff deal to avoid tax hikes on most Americans. Right now the market is still in a bit of euphoria and I’m looking to buy some SPY puts as early as tomorrow on any decent gap up.
Also in the video, we look at a few individual names that I’d like to buy calls on when the pullback comes. These names include Citigroup (C), Oracle (ORCL), Rackspace Hosting (RAX), and Qualcomm (QCOM).
Below you may find the video.