Tuesday, August 20, 2013

Quick Update

Few days ago I presented short idea - (WHR)


- it is not behaving properly (due to declaring quarterly dividends today) - it is OFF short list. Or should I say - it is behaving properly by telling us that it is consolidating between TDST and TDRL therefore is getting ready for move higher?



Coupled with my expectations of short term market bottom - I expect market to start either moving up or consolidate from August 22nd ( +/- a day) up until September 7-10, I will be closing a lot of shorter duration puts and easing down on ultra ETFs...

As an experiment - ( I will NOT have that position) let see if TESORO (TSO) can be traded on the long side solely based on DeMark and in total contradiction to traditional TAs.

45 is a good entry


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