XJO, Gear, Spi, Overwrites & CC's (no not the chips)

[rolly1]

Market holding up better than I thought. The following trades have been completed today.
15/7 T4 buy July 25 7925P @ 27 ~ 18/7 exit @ 10 -17points
MM was 9/13 when filled

18/7 T5 sell Aug1 7900 put @ 20 (This is the level where the market broke from so expecting it to hold)
MM was 18/23 when filled

Holdings
5/7 50% balance of Gear @ $28.48
5/7 Short Aug 15 8100C @ 30 (2:1 to Gear)


Outlook
8/7 F1 67% chance we will not get a decent close below 7767 before the end of the month
8/7 F2 60% chance 7702 is the low for the month
11/7 F2 now has moved to 99% chance it will be low of month

 

[Rosscoe62]

The Bulls have broken through the XJO 8300 barrier. Could we see a break above 8500 by Xmas?

The ASX 200 just hit a new record high, but how long can the good times last?

With the Australian share market trading at a new record high, we look at fundamental and technical factors to see what might happen next.

www.livewiremarkets.com