Monday, August 12, 2013

Pigs Get Slaughtered!


I was a pig on my SPY $167s... so let the Conviction Bulls take heed.

How could I have done better?  I hope that I'm at least learning.  In hindsight, I could have taken profits on the SPY $167s and traded them in for some puts further down the line to take advantage of the Time Decay factor.  Looking to be faster and to do better for the next round...

Yield the (Trading) Floor, Conviction Bulls... Yield the (Trading) Floor!

-1.28% SBA
+1.17% Roth IRA

-0.04% DJIA
+0.27% Nasdaq
-0.12% S&P 

-0.14% FTSE
+0.04% Eurofirst
-0.70% Nikkei
+2.39% Shanghai
+2.13% Hang Seng

+0.23% WTI
+0.79% Brent
+1.80% Gold
+0.05% Copper
+1.02% Corn

+0.52% USD/JPY

+0.23% DJT
-3.73% VIX

+0.97% 10-Year US Treasury Notes

50% Advancing Issues on NYSE         |   51% Up Volume
47% Declining Issues on NYSE          |   46% Down Volume
3% Unchanged                               |   3% Unchanged

55% Advancing Issues on Nasdaq      |   55% Up Volume
42% Declining Issues on Nasdaq       |   42% Down Volume
3% Unchanged                               |   3% Unchanged


Major Headlines Today:

Art Cashin on Hindenburg Omen
Peter Schiff: Next Fed Chair Will Lead Us To Economic Ruin
Mexico Opens Up Energy Sector




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