Looks like the pause at resistance is over. 150+ is next.
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Thursday, December 12, 2013
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.
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.
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
Sold TSLA
I'm out of my TSLA long @ $141.27. There might be more upside but the risk/reward is not favorable
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