Friday, February 12, 2010
Im encouraged by the buying happening after the steep morning drop and then general churn happening over last week without the bottom falling out.
I think there is a good chance of a pop next week
its also OPEX
as of 330pm
but we are printing a hollow reversal candle
selling volume not super heavy on the ETF's
VIX and SPY are also both down
green vertical lines indicate other reversal candles on low vol.
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 5...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...