Tuesday, April 26, 2016

Apr 26 - Gap and crap

Not the follow through I would have liked being long.  Still holding but not improbably that we get another flush out.  Maybe in form of a gap down tomorrow.

Could be seen as bullish consolidation or a bearish failure to thrust up out of  the wedge

More consolidation is possible

Same here

Low volume and printing a reversal candle.  Not ideal

IWM is showing good strength though which could indicate risk is still on

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...