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I tweeted earlier today that I predict some forex/oil mumbo jumbo will be the excuse for further market poppage. It looks like that is the case right now at about 12am est.

I sold my GS today (wrongly so), but still made a profit on those 155 calls. The target was not hit, but likely will get close tomorrow with this AH positivity. My chart turned green, I just sold on fear I guess. The bid/ask on these calls kept flipping around and I just said enough and took my gains. I took a few other day trades including taking gains in some of my MOT calls, however, I bought them all back and then some eod.

Losses included, JPM daytrade, which would have been very profitable (sold due to back and forth of the market before the rally), DPTR, PWER, NEP, YONG, and SLW calls I had (also should bounce on the dollar/commodity rally). All these things I sold were due mostly to risk reduction. However, I bought back into NEP at the close because I think the inverse China ETF FXP as well as all the China stocks are way oversold. I like where NEP is sitting with my oversold signals on.

I also loaded up on EWZ calls near the close adding to yesterday’s position and added this morning and at the close. Emerging markets as well as commodity related stocks should have a big day. So EWZ, ILF, RSX, EEM should have nice bounces and things that have been smashed like JRCC, BUCY, JOYG should have a pop in those sectors too.

I’m still lightly long the indexes which gained about 2% each and have initiated a swing trade in VLO via March 20 calls.

To make things clear, I plan to sell into strength raise cash and possibly look for a spot to get short.

I reposted a few charts from last night as well.

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