Tuesday, September 23, 2014

Sept 23 - Looking for a bounce

Despite the down day, 3rd in a row, seeing some signs of a potential bounce.  I am leaning towards something materializing tomorrow generated from short time frame signals - 30/60 min charts.  Still a risk of things falling apart as some indices have broken support in a major way such as IWM and NYA (which dropped out of an intermediate consolidation zone.

Still sitting in minor long via QQQ calls but will be looking to unload quickly and reassess.







No comments:

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...