Monday, August 17, 2015

Aug 17 - First stage of potential bullish breakout

Price looks good, very good breaking out of the triangle.  VIX being up and very weak volume not so good.  I remain long but will be wary if we hit any resistance like upper Bollingers, overbought conditions on the hourly.  Looking ahead looking to short when VIX hits 12.

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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...