Thursday, May 28, 2015

May 28 - Staying out of equities, long USO, short UUP

Tomorrow looks like a decent bullish set up but there isn't much of an edge.  For now, I am taking a back seat to equities positions until things settle out or hit an extreme.  Entered USO long and UUP shorts based on churn outside of the BB's.  I particularly like the UUP short and am looking for this to be a 1-2+ wk long trade.

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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...