Tuesday, November 3, 2015

Nov 3 - Still long IWM

The equities market continues to drive up.  It is extremely likely SPY will see ATH soon.  QQQ already is there and IWM is playing catch up.

Look at the grain of the 1 hr chart, very steady and we burned through negative divergence
 ATH very close.  I don't expect to see much of a pause when we hit resistance.

The 10 min chart shows nothing bearish.  
 USO making a huge move today.  Unfortunately I had exited USO longs a couple days ago

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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...