Saturday, October 20, 2012

IYT continuing short

IYT issued confirmation of sell signal Friday. Still holding sizeable short. CCI and stochs rolling down out of overbought zone. Sitting on 1.5% gain so far on IYT short and 25% on small batch fo Dec 22 puts 91 bought Thursday at close.

Thursday, October 11, 2012

Unclear market

closed longs on big gap up. Reloaded much smaller SSO position at close. Not looking very bullish trend wise though

long SSO and short VXX

maxed out on 60 Min timeframe for CCI and stochs. Not looking to hold long. Intermediate term trend is in doubt

Monday, October 8, 2012

Closed shorts in morning for 2% gain

closed SDS VXX for quick gain. I wasnt impressed w volume and how things held early and sold off by midday. Looking for move back up but things look raggedly for potential to change intermediate term

Friday, October 5, 2012

long VXX and SDS

went net short at close. Printed reversal candle near top of bollinger and VIX testing the low end of range. Im looking for more froth and eventual pullback in month or two. Maybe earlier. dow leading and QQQ lagging is not a good sign.

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...