Monday, October 5, 2009

No update

In meetings all day. Same applies as mentioned Friday in comments. will comment at market open though =)

8:33AM: Just to repeat from comments on Friday "waiting for SPY 104.15-104.30 before initiating any new shorts"

9 comments:

  1. I too am looking for those levels. good choice to go short. Or any reversal signal from here. 1040-1042 may not last long so i have limit order in place.

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  2. get ready for another push of approx 3-4 points here. Then I think we close below 1036 - but no big sell off.

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  3. by the way I did add some puts here. Nothing big. Oct puts. If we move higher will add more and also new dec puts.

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  4. added a bunch of shorts here. Puts, futures, EURUSD

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  5. this can run up to 104.65 on SPY but should reverse back to 104.14 before the close. If we stay above 104.65 I may cover into the close.

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  6. HOD SPY = 104.32

    lets see if it holds here and does what I told the market to do. If we close below 1036 I will add even more puts. Between here and 1036 I just keep what I added today.

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  7. not liking that we closed at 1040 here. Really would have liked a 1039 or below. Almost too close for comfort.

    I am keeping the shorts I added today but did not add more. Still rather under-invested here but rather add more under 1030SPX.

    Close at 1040 really makes this a 50/50 ....

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  8. same plan for me. currently flat. would add short under ES 1028.

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