Thursday, January 14, 2016

Jan 14 - Closed out longs

Today was a good day catching that ramp up but I am suspicious of VIX sticking around stubbornly.  Also 194-194.5 in SPY is major resistance.  Will be watching from the sidelines to see if we get follow through tomorrow which should happen but we also might get some froth also.  So not worth the headache for me.

Trailing stop hit around 192.5 in SPY

This is really strange.  Maybe it drops tomorrow and we do have a standard sell signal but looks very suspicious to me.

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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...