Tuesday, August 11, 2015

Aug 11 - No man's land

Things are pretty unsettled now neither to the downside or upside although since we have been going down recently with lower highs and lows, there wasn't enough to take a position after closing the short position in the morning.  Currently flat and looking for the next entry, probably long.

There are some interesting long set ups brewing, which if they fail, would present a good amount more of downside.  In most, looking for indicators to max out and to touch the lower trendline, ideally at the same time and on not so intense volume.

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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...