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

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...