Is This A Sign The Market Made A Choice?

Posted by Joe Duffy | Apr 1, 2025 | Joe Duffy's Trading Advantage | 0 |

Last week, I added short positions on the market rally. On the weekend, I outlined that a gap lower Monday was an opportunity to take profits. That is exactly what we got.

I shifted my positions on Monday. I am now long Walmart calls outright. The SPY vertical spread was shifted to a calendar spread. The latter would work best if we see a sideways to higher market this week. The AAPL and XLF short positions have been exited. I have kept the bearish spread in XHB. The XHB spread was legged into so favorably that I can afford to sit with it. Plus its a hedge if the Monday rally was an aberration.

However at this point I think the market has come back from the dead. I expect an uneven rally through this week.

Thanks,

Joe

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Joe Duffy

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