Thursday, January 14, 2016

Jan 14 - Potential intraday short set up

If we gap down big and close or come close to filling the gap, I will look to go short.
4 instances where this worked very well.  They have activated close to bottom.  If this doesn't hit and we don't break trendline support in SPX.  Looking to take a very small position for just the day.

Filled downward gap then a strong reaction to the upside.

No comments:

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...