Stan Ridgway

Great Song.

$SPX

Above is what colorado looks like right now, very cool. 

If we continue this BEAR market rally we need to be prepared for a swift reversal. My best guess to where we would stop is illustrated on the chart above. The 38.2% fib lines up perfectly as this could prove to be HUGE resistance. 

Monthlys Looking Bullish?

Friday was the last trading day of the month and what a crazy month that was, I'm just happy May is over. Anyways I am posting monthly charts to illustrate what the bulls might be thinking. There is only one slighty bullish out of the bunch and that is the $SPX, all the other major indices are resting on there long term down trend lines. 

S&P 500

Holly Cow!!!

With low volume anyone of the big institutions could have manipulate the market.  911 on the /ES futures was very strong resistance. When it broke stops were getting hit and the future and cash market  sored to 927. 

$VIX

Salute the Flag

SP's

Warren Buffet

Maybe a small long position in this.

/ES

This is some choppy action and thats just the month of May.

MA

The MA position I posted yesterday is off the drawing board. I feel more confortable doing a 170 put calendar. I'm working that this moring. 

$NDX

$NDX Iron Butterfly idea.

$RUT

$RUT Iron Butterfly idea for July. 

MA

MA Diagonal idea.

SPX

The $SPX is also at a swing high resistance level. 

Dow Da Dow Down....

I don't normally watch the Dow because I think its broken. But today I noticed this thing resting on a long term trend line. Looks bearish to me. 

JOYG

someone loves JOYG. 

/ES

Short term /ES prediction.

SP's

In the last post this chart did not open, so I'm posting it again.

No Clear Signs of Recovery in Home Prices

Where are we?

Figuring out where we are is harder then finding your way around Moscow. In the last month we  are at about the same spot we started.  There are two possible things the market could do, the first is a topping process to ultimately make lower lows. Or we are consolidating to rocket higher. Market feels strong and at the same time fundamentals are shit. The 878 I mentioned is a key level to know if we are going to make lower lows, a break of that will bring lower price action. To the up side I feel any new high in this two month rally would confirm a market that does not care about how shitty it is out there. More likey neither will happen, sideways.

The best possible scenario for me is sideways to lower. My positions got whacked today, I'm caring for some short deltas. I might have to close my positions to reposition myself better, I'll have to see what tomorrow brings us.  

/ES

878

878 level on the S&P is a major r/s point. Above this level I feel that we could stay in side the green area, and below in the purple area. 

$RUT

This is something I'm going to start with. My asking price is higher then the mid, just being patient on this one. 

Thank you for our freedom

Weekly Position Recap

I have been very cautious in this crazy market. 

QQQQ

Putting a few things together on this one. 

Fishing

Going for some more great colorado fishing this weekend. 

$RUT

That was a quick fill. New position on $RUT calendar. I started this trade on the lite side, but I plan to add to it next week.

/ES

Futures on track with prediction.

New Positions

$VIX

Long vega positions are working very well today. A few more of my positioned filled. 

/ES

/ES prediction. 

BIDU

I feel bearish on this one.