Friday, August 14, 2015

Aug 14 - Mixed bag

I have set my stops fairly tight in SPY/ XIV and will let them do their work for today.  The bounce is less than what I was thinking.  If we get a sideways day on low volume, I will construe that as bullish going into next week since we have had multiple chances for the bears.

We continue to churn inside this expanding wedge.  A break out above it might mean ATH.

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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...