Having been out of the office for the last week, it appears that I missed the most chaotic week of the year thus far. I had a good road map leading into the Fed and then all hell broke lose thereafter.
Day two back in the seat and I am just trying to find a rhythm. A VIX in the 20’s changes up my strategy a little. Yesterday I went for +10 in the NQ and took only one long in YELP calls. Here today, I dabbled in some Jul GS calls and a block of STP shares.
For the record, my market analysis is made up of a lot of cross confirmations in various asset classes and indicators. The only reason I am buying this week is that the $NYMO printed -98 again yesterday. Outside of that, my confirmations in other asset classes are broken, and need repair before I can start loading back into the market in any sort of meaningful way.
Right now, I am taking advantage of the volatility by day trading a few swings in ES, NQ, and TF…and trading a small basket of options. GS, RAX, AMZN, YELP, OPEN. I will look to add a few puts/shorts back near 1600.
As my signals start to align again, and I get back into a rhythm, I’ll start flinging more quality ideas. For now, I’ve got a few small bets on trying to find a few winners.
OA
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Jeff check out these coal plays ANR on the Prez BS talk
CBMX caught the pop..but more right here
Just keep piggy backing my moves and you’ll be fine. Adding more shorts here
Nothing more than dead cat bounce to around 1595 to suck in more of you perma bulls
Glad your back , any thoughts on TBT ?
I have the hardest time wanting to buy this into strength…but with a long enough time horizon, timing becomes less critical.
Thanks , I just can’t see yields leveling off for at least all of July and it has been a great day trade ,
but I know it is really dangerous at this level . Will be interesting to see the pricing on the weekly Thurs. morning with the shortened July 4th week .
another baseless, window dressing ramp successfully shorted