Thursday, January 7, 2016

Jan 7 - Freefallin'

Looks like retest of Aug lows is coming.  Whether it is a straight line or not, odds have gone up with the failure of the somewhat bullish set up at yesterday's close.  Sitting in a midsized short position and not adding.  Looking to unload some if we hit 185ish in SPY.

I think the middle yellow support band will fail
 VIX still has more room to rise on stochs/ CCI.  About 2 days min so I am not expecting a bottom until Monday assuming this fall in equities does not come with bounces

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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...