The markets rallied hard today off of news that Europe may attempt some type of bailout. I'm not buying the butter flys and rainbow. I used the rally to take a number of positions.
I had previously had been long DFS but got stopped out after the breakout failed. Failed breakouts usually make great shorts and so i went short after today's rally. I got filled on 100 shares. I had some additional orders incase the rally went higher but I didn't get filled. So I'll use this as a test position.
FB had a big rally this afternoon after languishing most of the morning. I have a position for a small move. Short 100 at 26.88
ON MAKO I went long. as it looks like it put in a bottom after a major gap. Its traded higher but still close to the lows which makes a nice place to put a stop and a decent risk to reward trade. Long 250 at 22.97
I also went long Oil via the USO ETF. Similar to Mako there appears to be a rally off a bottom, which allows a tight stop. USO has been prone to "V" shape recovers so here's hopping.
