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Get your helmets ready, because the bear shitters finally got a worthy down day and this time, things look different.

First thing I did was sell my MSPD in the premarket for 4%. What an asshole move that was. MSPD closed up 17.87% today. Geez. Johnny Sell Early.

What I did today also was retreat from Energy positions, and some minor positions I had on. I immediately dumped my SLV calls, AGQ, DRYS calls, OXY calls, and POZN right off the morning move.

I then bought GNK and took quick profits in it, small profits. Then bought back my IAG and APA calls. After that quickly sold my APA calls for a loss.

At 11:17am the market started to kick things up a notch and I jumped into EWZ May 71 puts, and bought FAZ. These two trades made my account today and gave me nice profits 4% in FAZ and 36% in EWZ puts in roughly an hour and 5 minutes.

Then I bought DGP, and AU July calls. Later in the day, I bought tiny gold plays EXK, and RIC. I also bought EWZ puts at the last minute thinking we get another continuation move in the morning May 70 puts.

As far as the technical picture goes, we have closed below the 21d moving average. Things don’t look so hot right now in other sectors, while gold looks to be the only thing acting well. I’ll have to do another post with charts.

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