Thursday, December 31, 2015
Wall Street We Got a Problem
Junk bonds are performing at nearly the same levels at the depth of the 2008 financial crisis, and yet SPY is near highs. I can't even imagine what junk will look like when we go into a recession. It is likely these securities will merge. My view is SPY will reach down more than JNK will come up.
Wednesday, December 30, 2015
New Trades
Yesterday, we were stopped out of our AAPL short at 108, from 107.62. But we opened a 104 January put at $.60. I expect great things from this position
We also flipped from short to long on closing XIV at $27 for a $1.28 gain, and buying VXX 19 calls for Jan week 2, at $.83.
We also closed our SPY calls for a 33% gain on a overnight trade.
As I expect weakness into the new year, I am closing my BIS short signal this morning. Those were 28 puts for January. Small gain is expected.
I'll post more trades and signals on Twitter as they come up. You can realize great profits at a low cost by signing up. Enjoy.
We also flipped from short to long on closing XIV at $27 for a $1.28 gain, and buying VXX 19 calls for Jan week 2, at $.83.
We also closed our SPY calls for a 33% gain on a overnight trade.
As I expect weakness into the new year, I am closing my BIS short signal this morning. Those were 28 puts for January. Small gain is expected.
I'll post more trades and signals on Twitter as they come up. You can realize great profits at a low cost by signing up. Enjoy.
Tuesday, December 29, 2015
Quick Update
Just wanted to update everyone on open signals.
BIS sell is still intact and profitable
AAPL sell is still intact and profitable
SPY buy is still intact and profitable
XIV/VXX Buy and sell respectively is still intact and profitable.
Yesterday I called for a bottom at 2032, on ES and we hit 2035, and my ES signal reversed at 2042 to a buy and we bought SPY 206 calls, after closing SPY 203.50 puts at the 2040 area.
For today, we are already at the money and ES nearly breached 2060. Watching to see if the pivot point (5 minute) holds (looks likely) and ride the price higher into tomorrow. The 60 minute is sporting a bull flag. Resolution is 2065 area. High value area is 2098.
BIS sell is still intact and profitable
AAPL sell is still intact and profitable
SPY buy is still intact and profitable
XIV/VXX Buy and sell respectively is still intact and profitable.
Yesterday I called for a bottom at 2032, on ES and we hit 2035, and my ES signal reversed at 2042 to a buy and we bought SPY 206 calls, after closing SPY 203.50 puts at the 2040 area.
For today, we are already at the money and ES nearly breached 2060. Watching to see if the pivot point (5 minute) holds (looks likely) and ride the price higher into tomorrow. The 60 minute is sporting a bull flag. Resolution is 2065 area. High value area is 2098.
Monday, December 28, 2015
Sunday, December 27, 2015
Saturday, December 26, 2015
AAPL Sauce?
AAPL tried to push back into it's volume range for the past month, but failed. Now a bear flag is forming. I will reverse short below 107.64 area next week if the Santa rally fails to materialize.
Sunday, December 20, 2015
AAPL of my Eye
AAPL showed up big on the Buying on weakness charts on Friday. It also flashed a buy signal for me on the hourly setting, so am looking at a trade above $106.33, with a stop at 103.19.
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