Tuesday, August 21, 2012

Potential Short SPY

Went short midday after seeing sizeable vol spikes on down moves. Stochs are maxed out on daily as they have been for some time. VIX finally made sizeable move in some time. Of notice was vol spike in QQQ. Could be start of breather for few days. Looking for 138 139 in SPY and will reassess if and when it gets there

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July 11 - GLD sucks

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...