There is a heavy resistance level at 1085 to 1090 for S&P 500.
Watch VIX at the support level 30.
If today the market closes above 1090 and forms a white bar, go long for a brief rally.
If that is the case, I will close my short position on BIDU and reenter later on.
Subscribe to:
Post Comments (Atom)
I closed my position in TZA - didn't like the decay in it. Reopened a smaller short in GOOG and RDN instead.
ReplyDeleteStill keeping my eye on the VIX. It's looking very weak.
Low volume trading day. It is lack of conviction on both sides.
ReplyDeleteit's like they got their profits in the morning and took off early for the weekend ;)
ReplyDeletegreat weather here in DC today.
tretines
Things are a bit mixed here. Some indexes are up, some are down. VIX is down while S&P down, TRIN is up at 1.35.
ReplyDelete???
a whole lot of a nothing day (except for this morning)
ReplyDeletebest to walk away ;)
not sure if anything will break this last hour.
redia
Have a great weekend!!!
ReplyDeleteman i wish i played the gap fill this morning. that was my only regret! would have been $2 on TNA. (probably would have stopped at $1).
ReplyDeletei did manage to get on board at 3:30 in TNA for 10 or so minutes and got .50 out of TNA on the ascending triangle b/o. could have had .80 or more, but i'm happy with it.
reswai