Thursday, January 8, 2015

Jan 8 - Big follow through

Strong gap up and solid follow through today.  The up/down volume ratio confirmed and it is looking likely we retest highs.  The strong up volume spikes on the daily usually mark reversals.  Conversely, the lack of big selling volume ratio on this downturn was apparent unlike the previous 2 downturns.

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls