FLOWERS foods and RAH are still doing well in a safety market. RAH looks overbought. If people start piling back in the market this safety play will reverse and we will see a shorting opportunity. Perhaps a good time to look into a bearish put strategy.
This market is easy to figure out. Take the most logical move and do the opposite. I thought the shorts would keep going up and up but look what happened. The market stopped going down. I guess we were over sold and based on that the shorts are more risky. All signs now point to a rally after next weeks options expiration. Any rally could be over before it comes. In other words if a rally should come next week it might not. Now that I think of it, when the options expire and people move that money where does it go? I'm bouncing any ideas around. I have to get in this market at these levels.
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