Tuesday, July 7, 2015

July 7 - Buy signal SPY on 30/ 60 min frames

We are getting a massive spike, for whatever news reason I don't know, I am trying not to get too excited about  the news now now that a lot of the Greek crisis is fairly visible to all.

Seeing fairly good positive divergence setup on the 30/60 min frames.  Given the size of the decline, a bounce could be a very large and fast one.

Sitting on VXX puts from yesterday and will continue to hold.

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...