Monday, June 29, 2015

Great, this is exactly the kind of action I have been looking for since the start of June, and finally the equity market has some volatility.  I don't care if it's because Greece or anything else,  the price action, the indicator tell me that market need to go down, so I stick with my own analysis to short the market and buy puts with every bounce last week.

It's a good day with great profit, and all of my accounts go to new high.   I put some fresh money in earlier June, and it's up more than 50% in one month.  One of my biggest clients is up more than 15% today.  Now I covered all of my index future shorts,  index puts and several individual stocks puts. It's time to look for another idea.

Market is getting closer to be oversold by now, and some kind of bounce will kick in next few days.
I will use range 2050/2060 to 2090/2100 for S&P 500 next few days . I did some buying at the end of day today, and will try to add more if it's down open tomorrow.  It may take a little longer for index to finally bottomed out. But there will be some great volatility for trade next few weeks.  At the same time I will try to work on some long list for individual stocks.  Market finally come to the level I feel comfortable to add more long exposure.

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