Wednesday, April 22, 2015

Apr 22 - Closed at resistance again

SPY/ QQQ closed right at resistance where it failed last time and VIX is at a bounce area.  The market has been very resilient so long term market looks like it will finally break to upside but at the same time vulnerable to another spill.  Odds are not great in either direction.  We should know by tomorrow whether we fall back into consolidation zone or break upwards.

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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...