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I kept my fund shorts on. They made a little bit today and would’ve done better by getting out in the morning. Market indexes formed some hammers today, but I’m guessing that we continue to drop. I’m still looking for 1073-1074 $SPX on the downside. This would complete a right shoulder on an inverse head …

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I talked about looking for the this kind of bounce on May 23rd. With the futures up overnight it looks the market might string together a 2 day run. Will this be enough of a move? I don’t think so. I think this whole week might be in the books as being an up week. …

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Came into today being short via AIG put spread, SPY put spread, EPV, and TZA. Right on the open I’m looking to to get rid of this AIG spread which was up a small amount, but by the time I was able to close it the gain was real small. AIG had a a nice …

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The best thing I ever did in the last 3 days was not panic out of my short thesis. I kept the 2x NDX/RUT shorts from yesterday (heavy 100%) collecting 6% in each index. Haven’t seen a move like this in quite awhile. I was also long EWZ puts, long POT puts, long EPV, long …

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WTF is with this market. The minute there is a potential 2 day move they rip the other way. Not just a doji, maybe a hammer, maybe some lame weak fizzle, no they rip the face off the very next day. That is what happened to me today. Mostly in my KGC calls and FXI …

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