Wednesday, July 27, 2011

July 27th, 2011 reflection

I bought when spx at 1311.50 around 10:30AM. It is a good short term entry. SPX bounced from 1311 to 1320 around noon. My Sep 129 call went up from 5.20 to 5.50.

Bad exit! I always sell too late. Did not take profit but got caught.

$TICK is below 1000. I wish we will see a bounce (gap up) tomorrow morning up to 1310. I will take off then.

Otherwise, will we visit 200MA at 1286 tomorrow?

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