Friday, August 24, 2012

Potential SPY long

Went long around 1030 am after seeing spikes up on 5 min chart. I am pretty bullish going into pre Bernanke speech and pre holiday week. Also we have burned off a piece of the overbought conditions which should enable SPY to retest previous highs around 143

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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...