Tuesday, December 16, 2014

Dec 16 - Near long entry

Volume declined a slight notch in VXX which often marks beginning of reversal.  VIX eliminated its black reversal candle so very possible we gap down tomorrow and seek a reversal.  I am thinking we are 0-2 days away from an intermediate term bottom.

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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...