Wednesday, August 20, 2008
MOS 10 yr chart
I have to admit while it looks ripe for a technical rebound to maybe even 130 levels, I'm staying away short or long. When it gets overbought again I will short the hell out of it.
Still holding $RIG Mar2 and Mar16 calls which are up 100-200%. $shak settling nicely and I have plenty of time with Jun 45 calls
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...