Wednesday, October 9, 2013

sold /es long @ 1655.50 from 1641.75

If we reach 1661 today look for a late day sell off.

Long @ 1641.75

The place to short is around 1660. That's where I expect any bounce to end.

covered /es short @ 1645

I am not bullish, I am just expecting a pause that refreshes. We might even drift a little lower but make no mistake I am in full on bear mode. The Dow is leading us lower and yesterday it broke through some key support areas. We might try to test the underneath of these zones. That's where I'll look to put shorts back on. The nasdaq trin and tick data are both extremely oversold.


Tuesday, October 8, 2013

Sold (to close) FB Nov 46 Puts @ 4.85

Got to take it when you get it. I bought these last week for $2.09

Short /es @ 1657.50. Out of all /ES longs

Now that we've clearly broken down through support I think 1645 could come into play. I'm still wary of any long term short because of the oversold nature of the market and the fact that I think there is some unfinished business on the upside
/ES 60 MIN

3rd time a charm?

My ST long bias is being put to the test. If the market can hold the 1661 level into the afternoon we could see a reversal.

Short TSLA @ 183.19

If this thing can gather momentum the top could finally be in for Elon Musk & Co.
TSLA Daily