+ 1 tick Damn this market is strong!
Short 2048, stop 2049.
2048 is my magic number as well :).
Expecting a move to 2036 area over the next few days. Long TNA, SPXL, UWTI for a swing trade.
Short only day buddy, short the pullbacks, forget the longs.
Shorts are about to experience serious fireworks if we can break through this morning high.
Yeah
Out 46.25
L 41.75
Next stop 49.
Out 38.75
L 35.75
FYI, UWTI (3x long crude oil ETN) had a huge volume spike. 8.9 mil shares traded today vs 436k daily average. Dead cat bounce may be in order...
It may be impossible to compete with HFT but on the other hand, if you know how algos operate, it can be very profitable to "front run" their...
I'm short volatility and long SPX for a multi day swing. Also picked up some crude oil earlier. L SVXY 60.56 L SPXL 80.14 L UWTI 5.66
Looks like were're headed to 2020 before the day is over.
Good job ILO! We both ended up making money even though we were on opposite sides of these trades :).
Closed remaining positions: Exit TZA 12.99 +.16 Exit UVXY 22.50 +2.72
Looks like the Santa Claus rally started early or is this just another attempt to squeeze out the shorts?
Scaling out here: Exit 1/2 TZA 13.55 +.72 Exit 1/2 UVXY 23.86 +4.08
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