Friday, September 9, 2016

Sept 9 - Equities correction?

I have no skin in the indexes right now and don't intend to for a bit.  I am eyeing 208-210 in SPY as a possible long but otherwise will just watch.  My TLT position got stopped out today which was extremely disappointing and it might be the beginning of a trend change in bonds.  Too early to say though but I won't be buying the dip, would rather see things stabilize here.  It isn't good that on a down equities day Treasuries are being sold off.

LN/ TWLO positions kinda hanging in there.





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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...