Tuesday, November 13, 2012

Flat

sold off DGP for minus 1% pre and VXX for 2% gain pre. Took quick day trade w SSO and sold off late morning. Im very conflicted on market direction. Intermediate term is down but still feel like a bounce is lurking. We are at long entry point on daily SPY and NYMO chart yet the 60 min timeframe for VIX looks like we have a big downdraft possible. I dont like flipping coins so I will wait.

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...