Wednesday, May 6, 2015

May 6 - Closed shorts and went long small position SPY

Covered shorts based on RSI CCI bottoming out.  May look to reshort later.  Will post more soon.
We are at an inflection point where we might spike back up and fall down much further.

Positive divergence popping up in the QQQ and it roughly hit my price target so going to step aside for now. Hopefully we get a bounce that can be reshorted into.

1145am update:  Long SPY small position

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...