Tuesday, September 16, 2014

Sept 16 - Tues recap - blast off!

Very decisive bullish action with volume to match in SPY, DIA.  QQQ made yesterday's action look like a bear trap.  Was busy at work this morning so missed the big move up and probably wouldn't have been able to hop on the runaway train after it pulled a bull flag in the early part of the session (which I unwisely decided to short w minimal gain).

While encouraged by today's action, was hoping for a convergence between oversold conditions and the FOMC announcement.  Tomorrow looking for a retrace to SPY in 200.0 zone for 1/3 pullback and go long.

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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...