I’m going to New Mexico to ski for the next several days so I stayed up late last night looking at the charts. I was prepared to purchase some more protection today so I could enjoy my vacation without checking the market every 10 minutes. To my dismay the market was down sharply when I woke up, now this protection is going to be more expensive. I am a day late and several thousand dollars short. If today reverses itself today (unlikely) it is a sign that the market it seriously bullish.
I bought some more calls on the Leveraged inverse S&P 500 ETF (SDS). In case of a complete disaster this should help.
I am cutting my gold position today, I don’t like the charts. Long term I like gold but it is looking to be a little weak to me right now. The trick is not to get attached to a theme, I love this store of wealth but the charts are saying something else. I am doing something else…
I bought some April BAC $10 calls today. Let’s just call these lottery tickets, I will be buying more…
My plan was to thin out the portfolio if Vix goes above 20, sell ½ if it goes above 22.5 all of it if it breaks 25…
traderwasteland
mattmarsh
miltonfriedman
rshm02
