Tuesday, February 9, 2016

Feb 9 - More churn/ potential GDX short

Looking for a bounce tomorrow and will be interesting to see how the Fed affects the market.

HYG overshot again will usually brings a bounce but oscillators still not maxed out although getting there
 Another reversal candle on lower volume.  Went long at close small QQQ.  I could easily imagine a bounce tomorrow then resumption of selling.  We'll see.
 VIX printing black reversal candle but oscillators have a way to go.
 Entered DUST.  Selling volume in GDX was strong.  If equities go down again this will probably reverse so keeping position light for now.

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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...