Wednesday, March 9, 2016

Mar 9 - Re-entered shorts

Volume is extremely low and the potential breakout from consolidation just got rejected.  Bullish leg up scenario not dead but very possible to see the market settle tomorrow at least in the morning assuming we don't get a strong close.  If close isn't strong will hold overnight.  If not, will go flat.

Volume is super low and where reversals have happened.  Also printing exhaustion candle
 Good chance this tests the lower BB and/ or lower trendline before entertaining a move up.

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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...