February 27th - Update

I am out from the USO at 26.66 with a small profit of 198$.

The SPY test the NOV 2008 lows , and the BIG question is if we saw the bottom . lows are tested only one time ..so if the SPY will hold the 74.1 we have the bottom.

If the SPY break 74.1 we get a real panic. I bought the portfolio again .. detail later.

February 27th - Stock Market Review

Current Portfolio - 102,572$
Open position - Short USO 300 at 27.32

The market is still at this critical level QQQQ 28 , and now is traiding under this level . The big quastion is if it's a false breakdown or a real one, we are going to know tomorrow or on monday.
A real breakdown can take us to the capitulation stage.

I am short a very small position in oil due to the fact that after a rally from 23 to almost 28 and
the 28 level is a potential resistance level , our stop is at 27.7 . A puulback can be until 24.

Long in the QQQQ can be considered above 28.7 and a clear long above 29.2 .