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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