Andre Gratain has a free weekly newsletter at Market Turning Points.

He says the high will not be seen again for months.   he sees a big downtrend this summer. 

sometimes a straddle is a good way to go in a choppy market.

She is darling. hey, I am going to try trading with a beret on.  Might help.

Added a second purchase of AVB July puts. Got way overbought, in my opinion. I Keep some AVB in a retirement account with dividend reinvestment so,this is a hedge.

Daily RSI 2 is over 99.

my good teachers taught me that this is a red flag.

Days like today I remind myself of a physics law that also applies to markets.

Stability leads to instability and instability begets stability. Think about earthquakes to make sense of this law of nature.

Appreciate the update.

With the mechanical system I don't buy a lot of time, just 2 weeks or so. That keeps my cost down. I buy just out of the money or at the money.Right away I put in a limit price at a 30percent profit.  I watch the one hour chart. if the 5 moving average trend line starts moving against me I lower my price to a 20 percent profit.  That is as low as I ever go.

I never use stops, instead I use a straddle if the market moves against me.  This works for me because I never use more than 3 percent of my capital on any trade. This way I never lose sleep.  

I don't know if this is the way for anyone else. After 4 years of trading, this is my system that works for me.  hope it helps you.

For the mechanical system I buy right at the money tostart.  After a runup, I sell and Buy new contracts just out of the money.  Sometimes I roll out a week farther too if I have been in the trade a week or more. 

I use options only for the mechanical system.  My avg profit is 30 percent. To scal out I with sell some contracts, or sell all and replace,with a strike further,out in time and/ or price. I use a 2 to 3 week expiration.  seems like we start scaling out after just a few days.

anyway I am finding it very profitable.

I buy puts with June 21 expiration and pick up dividend stocks to keep for long term.

Go to:mechanical  sysTems>SPY Pro>Overview.

They describe the stop loss here.

I trade on the 60 MACD and it looks close to rolling over. Took profits on my SPX calls. 

Thank you Matt. The statistics newsletter sure gave me a perspective for the rest of the year.

This technically challenged, sixty two year old Grandma thanks you!

The 60 min chart on  KKR looks improved after a long downturn.

I just love this system. Sitting in cash is just fine until a really good setup comes along. let's keep dong this over and over!

I held it, because I felt the washout hadn't happened yet. 

I bought SPY put and I Expect to close today with a 40 percent profit.

thanks for telling me about the setup alert.