Wednesday, February 3, 2016

Feb 3 - Sell signal invalidated by late ramp

We needed a red close to confirm the sell signal on the daily but the powerful ramp up has put it on hold.  Unless we see a down day tomorrow, the signal will be invalidated and we might be looking at more chop going forward.

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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...