Trades: TRLG, BBY, BWLD, JASO
New shorts: BWLD (32.21), BBY (32.18), TRLG (21.66)
New longs: JASO (4.40)
Notes:
- VIX +6.5%
- On my screens it looks like home-health-care stocks are bleeding. I will not buy the dip just yet. AFAM taking a beating today. How did I miss fading that sector?
- I’m shorting retail for a swing period, however long that is. I will probably scaling out of my solar shorts, that’s why I decided to buy some JASO longs as a light hedge.
- VIX < 28 had me scaling out of longs and building a short position on the market’s staggering complacency. It’s interesting how the market has worked. All the selling and profit-taking comes either on economic data rich days, or on a day like this: start of 2nd half, plus shortened weekend. This is definitely a trader-controlled tape.
… VIX spiked down below my 28.xx point to short market aggressive. Haven’t had a spike like that in a long time. I’m expecting increased volatility on the VIX for July and August.
TPX taking a huge beating. I had this on high priority short too.. >_< … I may have to play a daytrade short on this next week.
… oh yeah, keep an eye on TPX patent case.
Time for breakfast!
I’m in with you in JASO… Saw the same technical patterns you did I presume!
I just realized there’s a “reply” button. LOL.
Moose, get an avatar por favor.
I’m skerd of solars bouncing on Monday, so I bought me a bag of JASO chips.
happy 4 gio
wassssup Z!
Waiting for Gravatar–using old wordpress account to activate–I wonder how long that takes?
Well, obviously ( gravatar) it’s more than a few minutes–they lied! Check it tomorrow
I had july VIX 20 calls Wed into thurs, +15% instant overnight winner–
You think I got out too soon? Last 25 trades have been winners-except for a handful-Ok well –GPI was a break even, as were a lot of those 25 trades–but hey, sometimes break even is a win.
I have PCP and MON longs, right now–and I’m not too keen on those two positions–too late now!
Just have to get lucky, is all.
The divergence in MACD mean anything??
Gio,
Been short BBY, BWLD for a while now, and bought to cover TRLG some time in March. I have taken some pain as I waited for these stocks to sink. (BBY,BWLD)
Your post reminded to get back into to TRLG as this stock has melted up…
What interests you in these stocks now?
betting against retail. hang in there bud, they are going to retrace hard.