Monday, November 28, 2016

Nov 28 - Slight pullback/ short term very overbought but trend is still up

Haven't changed positions in 2 weeks and letting the market do its work.  A mild sell off is potentially around the corner but am holding for now.

Still see more upside here to the 230's.

Also have the target of low 20's for VXX

You can see how the intense hedging activity pre election provided fuel for this rally

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Feb 27 - $shak primed for a big move

Still holding $RIG Mar2 and Mar16 calls which are up 100-200%.  $shak settling nicely and I have plenty of time with Jun 45 calls