Ouch talk about being punished for a bad call. Friday was just plain ugly, no way to sugar coat it. Anyway, I had a bunch of positions expire so...
Interesting....my thought was a bounce from monday and then a rather flat week so that we could get the pin at roughly 56 on iwm and 100 on spy,...
We finally got a pullback, however we cut right through the 20day support line so lets see if we get some buying to get back above that line...
I haven't done any changes so far as the markets just drifting higher. The bear market is over as all three indexes RUT, S&P, and Naz have all...
Its been a hectic week in reality and I did find sometime to make a few more changes. I closed bot aug 490/500 RUT call for a profit of $191...
So we closed just above 1000 but more importantly the RUT golden crossed today. So now we have 2 of the 3 confirmations that this bear is done...
Watching eagerly like everyone else to see if we break 1000 on S&P like everyone else :) Couple of changes from the last two days. (I didn't...
I added the following two positions today: bot aug 500/510 call @ cost of $892 sold 57 aug iwm put @ credit of $280 Here is an updated list...
Its been difficult to get a handle on the magnitude of the moves and having to be on the defensive during this massive bull run off the march...
:eek: :eek: :eek: Well there's my look of surprise as apparantly nobody is in the mood to sell even now. The bulls seem to be getting a little...
I just added an additional call position today: bot aug 490/500 call @ cost of $892 We've broken through 535 pretty easily, next target to...
Added the following today: bot aug 490/500 call @ cost of $807 I'm waiting to see what happens at RUT 535. If we test that level and sell...
I added another position today. short 55 aug iwm put @ credit of $334 Still waiting for signs of weakness as the market keeps pushing up....
We're approaching that 535 level on the RUT that I think is the first possible reversal point, although with how overbought we seem to be I am...
I only closed a 100 shares of IWM in July for a puny profit: short 100 shares iwm @ profit of $28.44 I have the following remaining...
Yes thats correct, the second set of flies was just added caution since a break of that 480 level would have sent the market waaay down. Its a...
The butterfly positions were a cheap hedge in case the market started to breakdown. The problem is that when RUT was at 480 and the market falls...
Finally got some movement in the market. Still a bit uneasy going into the rash of earnings starting tomorrow morning. We rallied right up into...
Just a frustrating week! We finally got the break of the 490 level which is good BUT my trade was setup for a significant drop below to the 460...
And looks like the tally for Michael Jackson's funeral is going to cost around $4 million dollars to tax payers. Greeeeat people can't afford to...
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