Tuesday, April 21, 2015

Apr 21 - Short set up

This is pretty good short set up right now for equities. Sitting short from open in SPY. Easy fold if we breach above previous highs which would allow a very tight stop above. QQQ looks good too with an exhaustion candle printed at top of range. Also a clear fold if trendline is breached.

VIX also printing reversal candle at low end of range.

No comments:

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...