Rebound to Even

The markets opened down and clawed their way back to even. DNS +46, 0, +3.

I took my cue from the European markets as they were diving and continued to liquidate positions. All equity positions are protected by trailing stop loss orders. That leaves two bull call spreads (long) and put options (short) on the XLF Financial ETF.

Trades:

I sold my CVI calls, +7.33%.

All this trading while in capital preservation mode is a losing proposition. I need more and bigger winners to make up for the trades that go bad (e.g., GMCR, FMCN, SPRD), and I'm not getting them in this environment. So I'll wait for the market or at least oil prices to reset.

Reversal alerts:(2), junk.