Sunday, February 22, 2015

Feb 22 - Continued upside?

After much consolidation, the market made a sold move up on Friday.  There is still room to go up on the weekly and although overbought on short time frame, having based for a few months before making this up move should give this trend more power.   An additional plus is the positive seasonality in upcoming months.

More detailed analysis check out the weekly summary at Urban Carmel's Fat Pitch

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...