Wednesday

1. Range 775-800

2. 

Tuesday

SPX Range 785 - 810

Open 795

Low 785

High 810

1. Close IWM Puts at 1.07 and .83.

2. Hold sold IWM puts if possible.

3. Buy more OTM IWM May calls.

Friday and Forecast

1. Down to 770-800; up to 850-870; down to 720.

Tuesday

1. Near  a ST top.  Time to go short.

2. Start writing.  Doing more stimulating stuff.

3. Today - open will be down; then attempted climb; then down close.  Could even be trend down day with straight down after 10 - 11 a.m. rise.

4.  Consolidation day, they will say.  Right.  Down to 760 eventually at least.  Look at $CPC:$SPY.  Look at overhead resistance for banks.

5. Keep some FAZ as hedge.  Consider going long IWM or semis (BRCM, INTC) on weakness.

Tuesday FAZ 19.7 - 25?

Wednesday FAZ 22 - 26

Thursday FAZ ?

Friday

Tuesday Plan

1. Sell 100 FAZ at 10:00 a.m. for $21-22.  Buy 3 FAS calls sold.  

2. Sell FAS at 11:00 a.m.  Buy 2 FAZ calls sold.

3. Sell 100-150 more FAZ later in the day at $25?

4. Sell all FAZ at $28 on Wednesday.

Monday the 23rd of March

1. The trend is still down until at least ES (futures) 750.  Then we can get a bit of a bounce.  Look at the Fibs.  Could easily go down to 735 or so.  (50% retrace).

   

2. Monday range prediction: ES 750 - 772.  Sell FAS in the morning at 5.2 or so.  Sell FAZ at ES 750.

3. Start buying May or June IWM calls around 740-750 ES.  3 calls maybe.  Cover with Aprils on a bounce.

Monday Morning

-- Short IWM or Qs on any strength.  Whichever is stronger.

-- We will get a bounce, but at some point, we will come back down.  Qs have not yet come down.

-- Not done.