Monday, March 7, 2016

Mar 7 - Looking for long re-entry SPY

Roughly 199 SPY would be an ideal place to pick up longs again.  So far selling looks pretty feeble and low volume.  I am favoring another push up to 203-204.  After that, who knows.

Primary looking at the 30 min chart but watching the grain of action on the 5 min.  So far nothing scary.

Edit: went long SPY

Previous chart

If it hits the yellow zone below, going long

No comments:

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...