Monday, October 6, 2014

Oct 6 - Closing update, still long

Despite the sell-off, SPY still looks bullish.  This helped ease some of the overbought conditions and will probably facilitate a move higher.

The selling volume was very unremarkable which does less to negate the buy confirmation from Friday.

On the 10 min chart, today's action appears like consolidation.

No comments:

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...