Wednesday, April 15, 2009
Not saying this with huge confidence, but perhaps a bit more upside in SPY, really only 1 or 1.5 days more then a breakdown out of this wedge or at least to the lower part of this potential upwrad channel. Also possible we fall right away, but I wasn't entirely convinced it was pushing down v hard today. Mixed breadth today, transports and energy didn't sell off too hard.
Note the angle of some of the indicators...more of a gentle drift down if you look as the last 3 days as a whole...despite the strong downward bent of today.
thurs 635 am PST: Sold all longs, SPY calls and TNA in premarket and open.
Will maybe look for a short entry tomorrow.
stopped out of GLD yesterday for -25%. Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...