Wednesday, February 4, 2015

Feb 4 - Short term uptrend but within consolidation zone

A decent risk to reward short opportunity within consolidation zone for a short term move.  Stop should be set very close above the upper trendline.  Some bullish indicators like HYG acting very strong and $NYUD volume spiking on the up days which should give caution to bears.  If we break out up, then a decent chance we are heading towards retests of highs.

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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...