Tuesday, January 5, 2016

Jan 5 - Inflection point

Now that there wasn't much of a bounce today it is possible that tomorrow sees a strong move up or we continue moving down tomorrow.  We should know very soon which way equities will head.  Still holding small SSO

A plus for the bulls was the strong weakness relative to equities in $VIX, $VXO.

Possible, just possible that this is a small pullback before driving higher not unlike August.

Fairly tepid action and looks very vulnerable.
 Still hanging in there

No comments:

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...