Cut, cut

This was a bad trade on short side.

Bot SPY Put

SPY OCT 97 PUT.

SPX is now right at my resistance level, 1005.

Bot ERY $18.54

Bought back my stopped DUG, but this time I bot ERY.

Good opportunity for bears

Don't get fooled by the action of bulls this morning. Instead, it is a very good opportunity to open or add more short positions. I would stay away from financials, but focus on commodity related stocks or techs. Market is on the way of heading down, A MUST!

My best selections here are DUG and DTO for shorting oil-related, ZSL/DZZ for shorting silver/gold, and QID for shorting techs.

I will load some calls on DUG.

GL!

As is planned, I bought more DUG shares at $17.00 and DUG OCT calls. DUG option max pain is $17 on Friday. Let's see how that plays. Same stops.

1/2 DUG shares were stopped out at $16.75. Will revisit.

System triggered SELL

This is an intermediate sell signal on SPX, with stop at 1015.

I would give market some room of upside (better to fill Monday's gap) to finish its dead cat bounce and patiently add short positions. My first batch will start around SPX 1000, if market permits.

I decided to load DUG AH at $17.37, as upside for market is limited. Stops are $16.75 for 1/2, and $16.35 for 1/2.