Friday, September 19, 2014
Sept 19 - Friday - short SPY
Will post more later but decided to go short into upcoming week. Noticed a black reversal candle north of upper bollinger in DIA. SPY/ QQQ briefly had a flickering black candle that turned red on close. Plus this chart definitely affected my thinking here. http://blog.
stocktradersalmanac.com/post/ Week-after-September-Options- Expiration-One-of-the-Worst- Weeks-DIA-SPY-QQQ-IWM
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...