Snap Back Rally

Pull backs in bullish markets often see more rapid bounce backs than the initial decline. Over-adjusting during the big moves can be bad news. Keep your profile wide and flat to avoid big whipsaws and draw downs. Keep a look … Continued

XLU Diving

XLU is the example du jour of how relative weakness becomes your friend when the market turns. I’ve been holding that one sector short because it’s the only one in a bearish trend. And as you can see — when … Continued

Adding Positions

I’m expecting the market to begin making bigger moves. Here’s a look at the additional long/short positions I’m taking (using ITM calls and puts). You can see that the Beta weighted Delta is still net short with good positive Theta … Continued

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