Thursday, April 16, 2015

Apr 16 - Stuck at resistance

SPY is churning right under resistance and it remains to be seen whether we clear to ATH like NYSE.  Still watching to see if we drop back down into the consolidation zone or break to upside.  Again, not a great location to take on new positions.

USO may be a very short term short but probably not one to be very aggressive with.

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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...