Wednesday, May 20, 2015

May 20 - More consolidation, more upside ahead?

After attempting two quick shorts in the past few days, I flipped long this morning.  What was very bullish is that the previously reliable 60 min sell signals have failed 2 times in a row.  It could mark a trend change.  Looks like more consolidation for another move up.

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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...