Monday, August 24, 2015

Aug 24 - Not long yet

If VXX prints a reversal candle along with all the other indexes, I will take a take at longs at close.  The recent pattern has been to see equities slide down so unless we see a reversal, it might not be still safe to go long.  So far the promising midday setup is evaporating.  Is the plunge protection team going to arrive?

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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...