Thursday, October 2, 2014

Oct 2 - Oversold but still potential to go down

Daily frame we are oversold but on the 30/60 min frames we are closer to neutral so anything could happen.  We could get a bounce tomorrow but the morning could 'fade' the close like it has so many times.  Ideal set up would be to rise a bit, run out of gas, then collapse into the 190 SPY range.

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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...