Surprise

Today's action is a bit of a surprise. The futures were down big last night and this morning, but the market started moving higher at the bell, and hasn't looked back since. With tomorrow's mark to market and g20 coming up, I can assume bears are covering to limit risk. However, there is also some good volume today, so it looks like the market will continue its uptrend and will move higher.

Yesterday, was a great day as I lowered my basis in a RTH, SPY and a few others, but as of now, an entry today would have been even better. I have been fighting this tape for the past couple weeks, and although I am holding my own, I am not taking advantage of this good move up which is frustrating.

I added to my FAZ position today, so now my average purchase price is 19.89. I have a stop at 17.99 to limit losses. I really like this position here, because there seems to be a base building at 18, and I have an easy exit and limited risk if we violate that number.

I also repurchased SRS at 52.1. Similar to the FAZ base, there seems to be a base here around 48-50. I have a stop at 47.99 to limit losses.

Yesterday, I said that I could see SPY hitting 81.50. It made it to 81.08 and then fell away. Today SPY is charging back toward 81.50. I will likely buy more puts on SPY at 81.50 if it makes it to that point.