Tuesday, September 23, 2014

Sept 23 - Looking for a bounce

Despite the down day, 3rd in a row, seeing some signs of a potential bounce.  I am leaning towards something materializing tomorrow generated from short time frame signals - 30/60 min charts.  Still a risk of things falling apart as some indices have broken support in a major way such as IWM and NYA (which dropped out of an intermediate consolidation zone.

Still sitting in minor long via QQQ calls but will be looking to unload quickly and reassess.

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls