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

Short TSLA @ $144.29

This is a low risk area to short TSLA again. My target is $120-125.

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