Four winners, one loser for the April option cycle. Winners were:
short SPY Apr 90 puts
short SPY Apr 101 puts
short GLD Apr 95 puts
short TLT Apr 86 puts
The loser was:
long SPY May 104 puts that was part of a vertical spread
Unfortunately, the loser was bigger than all the winners combined, giving me a modest loss for the month. It happens.
Remember what I said about active short term traders with 100% track records. Some are paper traders that don't even trade real money, some only report their winners, some are liars and charlatans.
The weekly ThinkorSwim market wrap (anyone can listen, just visit their site and register if you don't have an account) mentions some market leaders such as GS, EEM, ISRG and GOOG turning south. Some leaders such as AAPL are still holding relatively strong, and AAPL reports earnings next week.
This might be the start of a measurable stock market correction, but there is so much upside momentum, that the bulls are likely to fight. I'd add to SPY longs at SPY 105, and add to GLD longs at GLD 104. Of course, plans can change, depending on how and when they get there, and the news and sentiment background.
Long GLD, SPY, TLT
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