Best Trading Day of the Year for Me

I hope you guys were reading the posts I made throughout the day today. They were ALL on point.

Picking up short positions going into tomorrow!

FAZ SDS I am picking up here the last 45 min. of the day.

Best Day trading day of the year!

I called the bottom on the SPY in my last post and said I would day trade the market to the upside for the remainder of the day. We reversed 90 points on the DOW since. I'm done for the day guys/gals. Good Luck All!

The bear claws in the MONEY!

Strong break down in the markets today. My downside targets were all hit at the open. $108.94 could very well be the lows of the day. I will day trade to the upside for the remainder of the day. Good luck all!

Another Ambiguous Close

Good day today. The markets did what I said, Neutral to up with a non-triple digit move. With that said I am Neutral to Bearish going into tomorrow. Neutral because we have another triangle forming on the SPY. Slightly bearish because SPY couldn't close above $111.20.

If we gap down, I expect $109.85 to get hit. Possibly as low as $109.70.

If we gap up, look for $111.20 and then $111.50

Oil continues to boggle my MIND! A rise in crude inventory and a rise in the dollar won't keep oil down!!

SPY 10-min. triangle:

Ambiguous close

This down day was expected on wall st. today. However, the volume was still still light and the sell off wasn't as strong as I had hoped. I'm going into tomorrow NEUTRAL, I don't expect any triple digit moves (only 60% certain of that).

The last 30 min. of trading led to a sell-off that I didn't like. If we had just traded sideways to up during the last half hour, we would have bear patterns in tact for a gap lower. But that isn't what we got, instead the bear pattern played to the downside the last 30 min. usually meaning a neutral to up day tomorrow.

I do think commodities will be the laggards tomorrow. Some bearish charts are posted below:

VXX-bull flag (VXX up=markets down)


USO-bear flag

UNG $8.85

I'm accumulating A LOT of shares of UNG here at $8.85, however, it could go to $8.50 to form a double bottom and then rocket ship to the moon.

..