Tuesday, October 28, 2014

Oct 27 - Business as usual

The market has shrugged off a handful of sell signals on the short timeframes and looking to consolidate/ grind up further.  Not anticipating big movements until FOMC and to be quite honest, not expecting a major reaction out of the announcement either.  If we get a low volume retracement to 192 to form a right shoulder in SPY, it would be an excellent risk to reward long entry.

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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...