Tuesday, April 21, 2015

Apr 21 - Selling off of resistance

The indexes after posting an impressive bounce yesterday have hit resistance and setting up another move into the consolidation zone.  Even if we end up slightly positive, the indexes are set up for a solid down day within 1-2 days as we will print a reversal candle in both SPY and VIX.

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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...