Year end clean up of unprofitable (time-decayed) options, resulted in reducing my profit for 2016 by 50%. 2016 peaked out @ $34,000 high point, down to closing the year @ $17,000. Well, any amount in the green is good, at least I didn't go negative. January 2017, expiration of options may reduce my profit for next year. We will see in the new year.

Got in yesterday with more PUTS on IWM, Trump won and market rallied which was unexpected...but no big deal, as my PUT options are out 'til mid next year. Wait and see mode for now.

Since my last journal post. Oct.11, the market indexes have weakened quite a bit. The run up since early August has screwed up quite a few of my short positions, which I will close b4 end of year at losses. However, I have opened up new short positions @ higher levels, some of which I closed today making some small gains. Will be opening even more short/PUT positions the next inflection point.

Could today's weakness be the catalyst for the next big leg down on major markets...we will see within the next 3 months. Let's see.

For the next month or so, the markets are going to be interesting...let's wait and see what happens. Volatility is super low and has to spike sooner or later.

Slow grind sideways for most U.S indexes....

After getting burned by a reverse split on UVXY, I'm gonna revert back to my "tried and true" chart analysis of indexes and shorting them. Although, I still may make money on the UVXY as long as SPX falls to 1900...it still stings to lose some money on reverse split. In any case, it may all work out in the next 5 months, it is never fun losing moolah. ;(

Okay, new update: S&P, TSX , DJIA might be hitting a snag here. Rip your face off stock market rally after a huge down move (Brexit) is now running out of steam, let's see what happens after the Fed meeting this Wednesday. Recent revs stock splits , have put a dent in some of my positions, and will knock my profit curve down in the future. Waiting for this market to roll over and fall at which time, I got lots of short positions to close off. Trading is not for sissies, lots of pain for short sellers over the last 30-40 days...man it felt like months. Anyhoot, just gotta wait another 2 months as August, September "might" be down months, but again you never know. Such is trading, always full of surprises.

Long weekend, Canada & July 4th is over and in the next few weeks we will see if markets can hold the current move up or push higher. My estimation is "NO", but the market doesn't care what I think. It is going to do what it is going to do. I am in holding pattern now...

All U.S and TSX bounces nicely up after Brexit crash. A move up about 30-40% of the down move. My analysis is that it will probably go a bit higher and then turn back down, within a week or two. Let's see where this goes, I am re-entering more short positions.