Friday, January 8, 2016

Jan 8 - Stepped out of shorts

Playing it safe and unloaded shorts on open.  Who knows maybe things crash but 3 unfilled overhead gaps and running into OPEX week I would rather protect my gains and see how this potential bounce plays out.  The big thing is that the buy signal on the daily looks fairly convincing.

Reposting CPC (put call spike) from yesterday

Yesterday completed a measured move B

Where will this bounce go?  Will it be a good short?

Stochs/CCI say buy or close to it.  If we have a light volume day and close below the lower BB, it is dangerous to short.

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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...