Today was annoying, never quite getting that breakdown through 1400. Meanwhile, I'm holding some toxic ETF like UVXY, bumping up my stop a few dimes at a time. It actually behaves nicely, oscillating gently between Bollinger bands on the 2-min chart, until SPX jerks north and UVXY just dies, taking out my stop and many others.
You can't hold UVXY without a stop. If the 1500 / blow-off top crowd is right, it's going back below $10. Hopefully I'll get another nice entry on it soon.
/ES is up 6 points tonight, but it could just be a halfway-back overnight move. I guess we'll know in the morning where this goes.
Dropped by Value Village on the way home tonight, found a double DVD copy of John Waters's "Pink Flamingos" and "Female Trouble". Score!
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| SPX 12-04 |
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| 60D |
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