Wednesday, February 3, 2016

Feb 3 - Daily sell signal confirmed

For now, barring an afternoon ramp, we are seeing confirmation of the sell signal posted yesterday in SPY and the buy signal in VIX.  Still short from a bit after yesterday's open and awaiting a test of 188 in SPY where we have support.  After that 185 then 181.

Volume has picked up today if you see the spikes on the 5 min chart
 Heading towards support at 188, if that is broken, very possible to see retest of lows
 Stochs crossing over which has working in past in range bound conditions but not strongly trending ones

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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...