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Today was a good day. Not in TM anymore, will buy it back. Kept my longs in NDX, SPX, RUT. Sold all BAC and UYG this morning and then rebought BAC Nov 17.5s. UNH was the only dud and I sold it in a panic this morning. It was actually the right thing to do. …

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The only trade I had coming into today were the UNH and AET calls I mentioned yesterday. I sold those calls on the morning pop. At that same time, my wife was out of the house, and I was home with my 1 year old son. I look at my ThinkorSwim desktop and bam I’m …

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At least that is what I think could happen. So I rolled cash into long SPX, long RUT. Mainly because they have lagged the COMPX/NDX lately up to their 50 week MA’s. Financial ETF’s XLF, UYG, and FAS all look very good on a daily chart. Flag formations. Is there something coming out tomorrow that …

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SPX came back from a huge drop that would have been a technical nightmare for those that dream in stock technicals that is. Now SPX at the close has reclaimed its trendline. I posted in the comments of the previous post. That I sold all my shorts. HUGE HUGE HUGE TRADE that was. SRS, ERY, …

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Very interesting trading action today. UYG and FAS hitting new lows, while market is trying to move higher and/or hold these levels. Possible temporary decoupling today. Watch to see if focus turns back towards commodities.

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