Thursday, October 2, 2014

Oct 2 - Bounce possibility

Exited longs in SPY 200 oct 10 calls at 5.82 for +28% (I botched not unloading at least partial position around the low when they were up 50%, pure greed on my part)  and will wait for the short term time frames to work off the oversold conditions.  It might not take long.  Buy signal just issued on 60 min SPY.  We could see a move up to 195-196.

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...