Sunday, June 21, 2009
Potential up move in XLE
Daily and 60 min stochs on both 5,3,3 and 12,3,3 settings
Oversold. Stoch cross on the 5,3, 3 setting on daily for XLE
Lots of bears might be sitting in a boat that could be too crowded
Based on the staggered selloff recently.
Other indexes exhbiting stoch cross on daily.
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...