Monday, April 25, 2016

Apr 25 - Still long SPY/ IWM/ AAPL

Low volume sell off and if things stay contained within the consolidation zone, we could be setting up for another leg up.

Descending wedge/ channel

Extremely low volume today.  We might not even hit 75MM shares traded
 NYA showing positive divergence and action so far looks corrective, not impulsive, to borrow EW parlance.

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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...