We gapped up nicely. We made some good profits on the spy calls. Now if my theory is correct we should get weakness throughout the day. This is because no one wants to hold their positions over night. So we have a rising TRIN which means the flow is into declining shares. Also a weak $tick. We have an exhaustion gap in the making also. I am purchasing TBT puts, SPY $109 puts, AAPL and GOOG puts here and Long FAZ and BGZ. I am fully leveraged for the down move.
This is what i call aggressively short.
Thursday, December 10, 2009
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