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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026

Tuesday, August 27, 2013

EOD Update

The ES and SP-500 Cash Market both closed at noted FSZ. Either the count is correct and the market will bounce tomorrow, or the count is wrong and it won't. Guess we'll find out tomorrow. We nearly caught the high in GDX when we bought the September puts, those are already well ITM (buying with GDX up 1.5% and closed over 4% red). The SPY calls aren't doing so hot as of market close.

If the market holds todays lows, I would expect a rebound to 1670-80 by September 9th-10th.

BONUS CHART: Watch for a bounce at 277 for AMZN

And Trades From Yesterday and Today: Sold Puts purchased yesterday in IWM, NFLX and CMG, picked up puts in GDX and Calls in SPY.


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