Last week I opened my first ROTH IRA with OptionsHouse. Because I'm self-employed, the ROTH IRA is one of the best choices I have for a retirement account. No matter how much the money grows in a ROTH IRA, withdrawals are non-taxable.
Today I will buy deep in the money put options (if my wire transfer arrives before market close).
Last Friday I posted a few reasons the market might drop.
Today, I still feel this has been a sucker's rally.
My downside targets are:
1118.7
1093.0
1039.0
My mental stop loss will be a clear move above:
1161.3
Here is a chart showing the money flow index diverging lower as the price goes higher:
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