Very interesting read on divergences. Discusses the 2007 top and what we saw back then. I usually find divergences between indexes much more powerful than looking for divergence within the index because there is less competitive noise.
Sunday, September 28, 2014
Still holding $RIG Mar2 and Mar16 calls which are up 100-200%. $shak settling nicely and I have plenty of time with Jun 45 calls
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...