Sunday, January 1, 2017

Jan 1 - XBI long setup

We need the QQQ's to show strength but XBI looks set up within the next 3-6 mo to make a big move up

This remind me a lot of 2011 where the declines got slower and shorter and finally XBI ramped up to new ATH's

Notice the slower rate on the current decline. So far 5 intermediate term bottoms

Same thing happened in 2011. 4 dips and we were off the races.

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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...