Thursday was the first day in weeks with active hedging by the big players. It’s been literally weeks of short puts and in the money calls. Thursday saw some size long puts make an appearance. As such look for a bit of downside to be re-introduced into the market. 

I do think this dip will represent the opportunity to re buy at levels I choose. The last month I have chosen not to trade at the prices the market was providing. That was generally a good thing, as moves were very modest and profits had to be taken relatively quickly. Hence risk to reward wasn’t very good. Trading in that environment is exhausting. 

Let me shar my "Eureka Moment" as a trader: The single most important lesson I learned... and why this catapulted me to success as a trader. (I've never revealed this anywhere before.) click here:

I will look for stocks that are in clearly defined trends like the attached spy chart. Those trends will provide the best buy the dip opportunities. Stay tuned as those opportunities should be coming next week or two. 

Thanks,

Joe