### Comment:
What are your thoughts on this being a technical rally to the 200 dma? 
  
 The market ignored the bad news and negative fundamentals because of a technical movement.  
  
 Once the technicals turn bearish again, then the price action will reflect the changing fundamentals

### REPLY:
Definitely seems like we are heading to 280 once we cross 275 resistance. I think that would be a good time to buy puts.

### END.