Today was awesome. Yesterday sucked, but I had a nice time at the golf tournament and was the reason my positions got whacked yesterday as I would have covered in the morning. I should have brought my MiFi card with me and traded out in the morning when EVERYTHING was working right. Index shorts, EWZ puts, FAZ calls, SSO puts. However, the market bounced off that morning drop and made my accounts show some losses.

Luckily, well not lucky, skillfully, I held onto my positions and ADDED to them on this morning’s open. Right off the open on the back of the MSFT and AMZN earnings the market gave me a gift to add to my positions. I posted this chart this morning to chart.ly.

SPX LEVELS – I haven’t done one of these in awhile, because there hasn’t been a range created in quite a few days. We should sell off until we create a lower range:

SRS and FAZ

All calls and puts that went under water on yesterday’s up move, however, they are all positive now, especially with the add on’s I put to work this morning. I’m also 100% short via the 2x index funds in the $RUT, $NDX, and $SPX.

If you haven’t been paying attention, look where I got out of my DSX, GNK, and POT calls and look at where those stocks are trading now. I will look to revisit those 3 on the long side with a down move in the US markets.

Thanks for reading

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