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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Jan 20 - Equities caution signal, short SPY, NFLX

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