Last night, here, I wrote this, “Either way I’m holding my swing longs (that haven’t stopped me out) and puts in SPY, WYNN, & NFLX. And for those of you that know me, you know that is rare.”
This morning at 10:10 EST I wrote this:
Right after that, I bought a couple things on sale, did some laundry, read TWTR, perused the internet, then sold what I bought cause I didn’t want the extra risk and they were only meant to be short term trade anyway (total run-on sentence there). Now doesn’t that sound like a lot more fun than stressing about a short that isn’t working and hoping/praying for it to go back down? Well not the laundry part, but you get my drift.
TWTR not doing a thing. Those damn 55 calls. AAPL holding in nicely and if those 540 calls weren’t in the way, I would have more faith short term (I’m bullish longer term).
The updated SPY open interest should be interesting. I will post it tonight or tomorrow morning. Overall though, the market is still doing exactly what I talked about over the weekend. Rangebound.
In this type of a market environment, less is more and patience is a virtue.
HLF drama continues as they received a civil investigative demand from the FTC.
Speaking of HLF, here is the tweet of the day.
Chart of day:
In other news: Starting April I will be starting a subscription. Part of it will involve the type of analysis you have already seen by me, but it will also include a lot more (yes I know, I know, everyone is starting one, but that doesn’t mean anything to me. Capitalism at its finest). If it’s something you would be interested in learning more about please email me at rsassy.spy@gmail.com.
