Friday, August 21, 2015

Aug 21 - Not biting on longs yet

As interesting and oversold things are, I am not biting yet and waiting for some signs of stabilization, namely a decrease in SPY daily volume.  At most, will take a small long near close.

VIX near a point where we have seen reversals the past 2 years but we could be starting something new.



2 comments:

smoothy said...

I'm going in small...QQQ and XIV

Greenlander said...

Went small SSO XIV at close

July 21 - Still massively long banks, took short term longs in NVDA, BABA, HAL, OAS

Probably 2/3 of the options account is in banks.  Maybe 1/2 regionals and 1/2 XLF, C, BAC.  Expecting another run up in equities into Augus...