No changes on the two portfolios. We are in the chop. OPEX and the FED. It is sad that fundamentals don't drive market direction anymore. Now we have liquidity and leverage.
Regarding NADEX yesterday. We had two great signals, but managed to lose a little money as I was uncomfortable holding them to the close. This morning, I signaled a hopefoully a very high probability trade that last night's down move affords us to take a position at 2075, below S3 for some decent money.
For our positions; I closed the NUGT puts for flat, still holding GLD put spread, small loss, and IWM puts, all wek 4 with monthly sell puts as a hedge.
ES was choppy, and I have a swing low signal, but with Fed minutes day, and OPEX, I am reluctant to put it on until later today. There is very little support back down to 72 even 2052 in this market.
Finally, we have a buy stop on BIS at 28.50. If this market falls, Biotech will lead the way.
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