Another shitty day in the market. Spain is still a mystery and traders seem to be selling any rally today. Bought spxu instead of a put so that I don’t have to deal with time decay because, this is getting frustrating- trying to time the market. -Regards

The markets opened up positively on Friday- positive meaning we are down only 20-50 points, a stable pullback. Because, with the moves we have been getting daily on the Dow, 100- 150 points had become the norm. This is actually what happens if you pay attention to the vix (amount of put buying). When it…

Ok, today we had follow through on technical support carried over from yesterday. Positive developments came out of China, and Europe (Spain) seems to have come to some kind of short-term agreement. I wanted the market to go down- let it burn and get it over with! But who can complain by being up another…

  This was yesterday. We have Titan Machinery on our strong buy list. It is showing a double bottom on huge volume, despite it being under the moving averages. Below is today. We got a gap up above the 50 day moving average (red line above, green line below). I missed the move but you…

I was looking for more capitulation in the market before we enacted phase 2 of the plan, but I guess we cannot complain since we are up over 200 points in the Dow. The S&P gapped above the 200 day moving average today, a bullish sign, and now we have to see if this level…

Plan is still intact. Improved my cost position in TEX. Bought a put, then sold the put- dumb move! Since we are on the fence, it was very difficult for me to tell which direction we would go as we danced with the 200, so my posture kept changing. Fancy words for an excuse though….

Market is down 60-70 points, not terrible considering the break of the 200 on heavy volume. However, I am getting nervous about this market. I purchased more puts on the SPY. I am then going to sell a put on SSO (2x S&P etf) at 45. Right now those puts are going for 3.50 (x100…

Stopped out of all stocks except upro, tex, and fwlt. Took some losses and a beat down in the portfolio. However, I raised cash- now in 60%. Bought more puts on the SPY since we gapped below the 200 this morning- on bad jobs numbers, a new catalyst. Spain does look scary I have to admit, with 11% unemployment and youth unemployment…

The S&P just hammered on the 200. With my married put in place for insurance on the portfolio, I am protected but timed it poorly. I should have noticed the technicals today but I am trying a new approach, a more old schooled approach with a buy and hold strategy instead of trading charts. However,…