Thursday, January 28, 2016

Jan 28 - More chop

Amazingly we are still in the consolidation zone in SPY and despite yesterday's sell off and today's gap fill there is still chance for a leg up.  The 2 hr sell signal is still awaiting confirmation so things look pretty muddles at this point and on a short term basis, wouldn't press any bet aggressively, long or short.

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...