Sunday, September 28, 2014
Sept 28 - Sunday review of divergences
Just eyeballing the negative divergences on SPY/ HYG and think we might have some more room to go down. Not very clear but we will be watching to see if this divergence becomes a positive one to go long. If we get a suitable entry I may go briefly short also.
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...