http://www.stockrake.com

Market still tweaking lower. I’m bearish with SPX holding below the 700 mark. I’m shocked we haven’t capitulated already with the market on a rickety balance beam down here.

I didn’t sell any of my gold despite the nice pop on the open. I just added some March GLD 90 calls actually. Gold should be raging if the week closes out where I think it should. The market should always do what I think.

I bought April AMZN 60 puts.

Shorted SSO, holding my QID, bought SRS. I can’t remember who said it, some blogger, but SRS is the I Am Legend trade. Commercial real estate should be a stop on a map. Ghost town USA.

I made two quick buys and sells in ERY and SRS early in the morning, sold fast with loss as the market played the gap fill role.

I’m expecting this week to finish on the lows. Setting up potentially a nice rebound into options expiration. This means TODAY and TOMORROW should suck badly for bulls. I will be going short with my fund money as well.

Related Posts