I took two short trades in TPX today but the market didn’t seem to care too much. I was stopped out of both of them. There is a growing mountain of evidence in my StockTickr reports that tells me I should not take trades on days where the market gaps by a large amount at the open. I’ll devote an entire post to this theory sometime soon.
In the meantime, here are the trades I made today. First I traded TPX off the 10s:
Then I re-entered later off the 30s:
No such luck either time. Hopefully you guys made a killing!