I decided to re-design my website to show you guys the core of my life better. You’ll notice a picture front and center which are a gallery of my favorite pictures I’ve taken. Then a short description of myself and the most recent posts underneath that. I enjoy the simple view of the blog, no more tag clouds and random clutter everywhere. You can still search and view posts, it’s just on the bottom of the page. So please let me know your opinions and what can be improved about it!
Now about the market, it has been choppy the past few days and I have been shaken out of two short positions on SPY for small losses (~5%). I’m re-collecting myself and waiting for SPY to break a small zone that I’ve set up. I’m not going to try to scalp these small intra-day moves. You can see on the image below the bracket in green.
Another thing I’d like to point out is the decreasing volume. This is interesting to note because of the consolidation. We’re just waiting for this to break out one way or the other. If we can break that rising channel to the downside, I see lower prices ahead. On the other hand we could shoot up and resume the uptrend. No point to try to predict, just react!
SPY Bracket Trade
