Thursday, November 19, 2015

Recap and Look Ahead

Pretty simple day for us yesterday.  We went in long and stayed there.  Our SSO, XIV and long NADEX all performed well.

One exception, I had a 2025 December put option from overnight on that I closed upon 2065 being taken out.  Minus $250 on that trade/hedge.

SSO stop is now $65.50. I am tightening up the trailing to $.50.
XIV's stop is now $28.54, also trailing $.50

NADEX closed true again.

My downtrend line was decisively broken and now am looking at a double top of 211.50 for SPY. However I am still expecting some retrace of this move higher so I am cautious.

I will post NADEX trade after the open and can see the range.

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