Tuesday, January 20, 2015

Jan 20 - Weak bounce

VXX issued a sell signal but not terribly strong.  After selling off the gap up, the market stage a comeback albeit a weaker one.  Still decent possibility of the bounce continuing but longs should exercise caution as we wait to see if this triple bottom like formation comes into play.

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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...