Sunday, April 28, 2013

Die S&P's Die!

All the markets are being very toppy, but the NQ is acting a little strong. Maybe that is a sign of strength in Apple. In fact, I just shorted the 410 puts in Apple. I also like the weakness in the TF tonight. TF  was trading around 940, but it is seeing a good amount of weakness from that level. I am staying short this market, but oil and the Yen might interest me as a few more long plays. I would be very surprised if the ES was able to rally into the low/mid 1580's. Besides that, I have some short OTM puts in the VXX, I am bearish financials, energy, blue chips, MSFT, and I have only a few bullish positions. For now, I am keeping lots of positions on and staying very small. If any stocks get cheap that would be a great opportunity to add some theta to my portfolio.

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