Friday, December 27, 2013

200% Short /ES @ 1837.50

I don't know if this is May 2010 or May 2011 but some sort of top is being put in.

Thursday, December 26, 2013

Market Extremes Will Be Rectified

10 yr rates have followed last week's breakout with more gains this week.  While I have been a broken record, the next 30 days should be one of bizarre and volatile moves in the bond and stock markets. Yields breaking out of a 5 yr down trend along with stocks pushing against resistance should be enough to get the correction no one thinks will ever come.
10 yr Treasury Yields Weekly Chart

5 yr Weekly S&P E-Mini Futures
60 min closeup 

Thursday, December 19, 2013

Bot BAC Feb 15 Puts @ .35

As I've stated before, BAC has no upside from the 15 1/2-16 area. The breakdown zone from 2008 will prove too much resistance.

Monday, December 16, 2013

200% short /ES @ 1779.50

I have short leash on this if it goes against me around today's highs. However, I like the risk/reward because if things turn south in a lower liquidity environment, things could get ugly in a hurry

Thursday, December 12, 2013

covered TSLA short. @ 143.89

Looks like the pause at resistance is over. 150+ is next.

Lifetime BAC Chart Says Upside is Virtually Non-Existent

I closed out my JAN BAC 15 Puts @ $.39.  I purchased them a few weeks ago @ .25.  I still love BAC as a longer term short at these levels but I believe there could be some shorter term upside. I think the big money will be made in the 1st or 2nd quarters of 2014 and I am looking at credit spreads going out several months.  I think this is a better way of playing a swift move lower than an outright short or long put trade.
ps- I'm losing my mind today. I closed out my /ES short for a tiny gain. We are trading right above a volume hole that has traditionally been support. Until we break through it to the downside, the safest bet is to be flat. Possibly even a small spec long.

short /ES 1775.50

I'm switching gears here because things are just too quiet. I took a tiny loss on  my previous long and will flip back if the market tries to climb out above 1780.

Long /ES @ 1777

This is a 1-3 day trade. I believe there 10-20 pts of upside from here.

Wednesday, December 11, 2013

covered /es and /nq shorts @ 1780.75 and 3469

I'm not sure if this is the right move but with the futures roll coming I think the odds are favorable to look to put shorts back on at higher prices even if it's only 5-10 pts

Tuesday, December 10, 2013

Tuesday, December 3, 2013


I'm out of my TSLA long @ $141.27. There might be more upside but the risk/reward is not favorable