Tuesday, July 5, 2016

July 5 - Closed 1/2 shorts but looking to re-short on gap fill

Close half here as seeing some divergence on the 5 min and 10 min and have a stop set slightly above this level for the other half.  If the gap fills, will re-enter full short position.

Still looking for more downside, just looking to protect profits here.

Otherwise, plenty of downside room possible.  

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Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here