Gotta love ZERO RISK in the SP500 = $$$

recession2016 had a pretty good call on the IBB...said he would short at 325.00, thing reversed right from the get-go.

 

In all fairness, a few things changed...mainly that the Fed folded like a cheap suit and now the "market" has decided that odds of any rate increase off the table for 2015...OTOH, this price action is far too vertical and IMHO too early in the month for THE bottom.

 

Almost there (2000pnts). Still short, will add more close to 2000. Lets see what happens.

 

Sept 17 was a breakout that failed, 1984 ES was the first reaction high of this selloff, we went above that level briefly post FOMC but failed to close above that level. I don't see any failed breakouts right now, there is no significant resistance to break out off anyway. Imo 1984 will be tested again.

 

~1993 ES, which is around where this thing traded post FOMC.

 

looks like a good short in IWM right up here...RVX also tested a decent level to reverse from.

 

long nov soybeans at 881, stop 10 points

 

Added more DRIP @ $65.50

Cost Average now down to $71.15!!!

 

Good call, but 10 points SL is a bit tight ?

 

vix is just below 20, don't think this rally can go much higher if the thesis is that this is a bear market