Thursday, August 27, 2015


Another strong day...actually stronger than yesterday based on the NYAD.  2 hours before the close the market makers had a little fun with the rest of us and dropped the markets by a couple hundred points before commencing a strong and persistent buying spree in the close and into the afterhours.
So tomorrow's Friday and we may see some pullback but then next week is the end of the month so there's the bullish odds building.  But then there 's September's stigma as the historically weakest month of the year so it's not at all a done deal that its clear sailing ahead.
The SPY/SH delta neutral setup worked perfectly again today, closing out the SH side just 6 cents from the high and producing a nice net 1.87% return on the SPY side (2.47%-.06%)