Wednesday, February 10, 2016

Feb 10 - Added shorts

Bear flag in IWM
 Still room to go on stochs and action is soggy.  Perhaps a bottom mid next week?
 Rejected at gap fill

1 comment:

Doug said...

Great call. After I saw ur post, I added shorts on Wed when the S&P was still up 16 pts. On panic this morning, I might cover. But, like I said before, so far in 2016, it's paid to stay short.

I'm worried about China when it reopens (HK just a warm up?) It could go the other way for a relief rally, but everything is so rotten there, the whole casino is likely coming down.

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...