By and large, most indexes still look like they are consolidating within uptrend. DIA of all them looks the most stable consolidation. QQQ (kind of funky looking) and SPY decent. NYA and IWM maybe not so great but on a long term scale, NYA is within its multi-month consolidation zone.
Bad news is, we are right smack dab at the bottom trendline, have tapped the bottom trendlines a few times already, and perhaps the market will play 'let's wait and see' until the Fed announcement, potentially dribbling down like it has until Weds.
Short term, it does look we are due for at least a .5-.75% bounce in next day or two. If we slip under current support, all bets are off, including my current longs.
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...