Wednesday, August 19, 2015

Aug 19 - Inside candle bullish set up fails

Yesterday's potential set up totally failed but looks like we have an hourly buy signal on SPY.  As things are whipsawing like crazy I wouldn't trust the signal for more than a quick bounce if it materializes.

VIX is dropping and may have hit a short term peak since we are heading into OPEX.


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...