Tuesday, May 15, 2018

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pops up.  It could be very choppy and I would love to see a lot of downward chop to set up the next run up.

Currently long DAL, JBLU, AAL, LUV, and HD Jun calls.  Airlines are knocking on the door of reversing.


Saturday, May 12, 2018

May 12 - Some names to watch in case of 1 wk pullback

$sfix


I will only jump on this $hd if we see consolidation
$mark


$anet

May 12 - Minor pullback/ consolidation expected

I closed DIA/ XLF calls for 75% and bought small batch of IWM puts for this week.  I dont see anything major happening and plan on going long again towards end of week.



Sunday, May 6, 2018

May 6 - More bullish setups, DIS and A and pharmaceuticals


A set up nicely

DIS weekly


May 6 - Bullish inflection point

I wouldn't be surprised to see some pullback here and some churn but I see the current zone holding and am very bullish intermediate term.  some incredibly bullish setups here.  I took Friday's SPY calls on Thurs at close for a 200% and then rolled into a lot of DIA Jun 246 calls @ 1.0 looking for a triple.  Also re-entered VXX short

XLF looks great

so do semiconductors via SOXX etf

Very nice bullish divergence in DIA
 DIA set to break up and out








Tuesday, May 1, 2018

May 1 - Closed out SPY puts midday and flipped long w May 2 SPY 264 @ 1.21 calls near close

Lots of chop and constructive action.  Hard to say when we move out of this range but for the next 1-2 days the action and close was constructive.


 Great 1-3 day set up in DIA and longer term breakout potential


Same with SPY

IQ a recent IPO is setting up nicely for a move up


Saturday, April 28, 2018

Apr 28 - Short term downside lurking (took SPY May 265 puts) and intermediate term a lot of chop ahead


VIX looks ready for a bounce short term

Each of the major pullbacks the past 10 years have been multi month periods of chop and strong tests of the lower Bollinger on the weekly.  We haven't had that so I think more pain ahead.


Tuesday, April 24, 2018

Apr 24 - Getting closer to the buy zone for equities

But not yet.  Around 255-260 in SPY would be a good zone to make some long term buys. 

VIX VXV ratio close to that range where we see sustained bounces.  In the long term scheme of things, all the chop the past several months has been good.  We consolidate and pause and at some point the market should go back up again.


Saturday, April 21, 2018

Apr 21 - GLD short

Entered GLD late Jun puts and GPS Sept calls.  The crowd seems to be signalling a breakout for GLD which makes it seem less likely it will happen

Seems to be struggling at this level of resistance and if it fails targeting a couple points to the lower Bollinger
 On the weekly chart, there is much more downside it this breakout fails to happen. 


Sunday, March 18, 2018

Mar 18 - Huge inflows into $AMZN and $aapl on opex friday

This is way above normal.  Usually a high reading is in the 200-300 million range but this is a lot higher.  $SPY also witnessing some solid buying on weakness.




Saturday, March 17, 2018

Mar 17 - Long $QQQ

Got into decent size position of $QQQ 175 calls @ .22 expiring Fri and smaller $amzn and $nflx.  Still in $shak and sold off $rig for only 50% gain (mistraded it and didn't react quickly enough).

This is probably 50/50 to pop this week but if it does, we could see 178+ in QQQ
$HYG primed for a move up or down.  Considering seasonality I am thinking up.


May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...