Monday, January 19, 2015

Jan 19 - Bounce time?

VIX/ SPY could be due for a bounce this week.  How much is uncertain but selling pressure was not ramping up last week despite the down move.  However the increasing volatility does not bode well long term for the markets and a deeper correction may be around the corner.

Further arguments for a bounce here courtesy of Fat Pitch

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Mar 17 - Long $QQQ

Got into decent size position of $QQQ 175 calls @ .22 expiring Fri and smaller $amzn and $nflx.  Still in $shak and sold off $rig for only 5...