Tuesday, October 4, 2016

Oct 4 - Indexes looking wobbly, closed most WFC longs

Reluctantly closed most WFC longs at a loss since the overall market is looking shaky.  Very solid volume and will look to reload the WFC longs after we hit maybe 210 in SPY if we get there.  I still like the premise of the WFC long and potential for a massive short squeeze but the indexes will drag this one down.

Took SPY short on the break with target of 210

No comments:

Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...