Wednesday, December 17, 2014

Dec 17 - Long SPY/ QQQ

Rather than waiting a day for consolidation , the market blasted off all across the board.  Big moves in VIX, HYG, and the indexes producing buy signals across the board.  HYG in particular had an unusually strong day within the past year.  We are running into extremely bullish seasonality with 2 shortened trading weeks so will be extremely surprised to see major selling before year end.

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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...