Wall Street is ending the week on a bullish note, as stocks surged today after strong earnings results from the key tech sector and an interest rate cut by China to stimulate flagging growth in the world's second-biggest economy.
SPY up another 1.19% to highest 207.71 from 205.26 last night close. It was amazing that 2.2% for a week and 8.1% for Oct. so far (16 trade days)! 10.5% up from the recently low 187.91 on 9/28/15.
My account continue to down first option down 66.08% and 2nd down 37.74%.
I am kind of numbed now as I know there is no way to against the trend. But I also doubt the huge uptrend momentum can hold long. I am going to wait until next Friday. I also need check SPY historical trend to see how long a huge up/down trend usually hold.