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Sep 19, 2011

USO

Sold short USO @ 33.1

QQQ, PCLN

Sold QQQ @ 55.69$, Market breadth looks horrible here, open position
Sold PCLN weekly expiration 525$ strike calls @ 7.45$.

QQQ

Bought QQQ @ 55.82$.

Sep 15, 2011

QQQ, SPY

Closed SPY position at 120.14$, open position

Closed QQQ at 55.77$, open position

When the volatility index is above 30, I can't let my profits/ losses run. When the VIX is below 20, that strategy works. I will wait for the next signal, irrespective of where the market's direction today.