Friday, August 24, 2012

Bounce possible soon

Exited shorts at close yesterday as we are oversold on 60 min stochs on SPY and VIX. Vol has not increased on this down move so i am leaning towards a bullish last week of month. As we have been in uptrend for some time im also leaning towards a push of buyers on this first intermediate term pullback.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

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...