Monday, October 6, 2014

Oct 6 - Closing update, still long

Despite the sell-off, SPY still looks bullish.  This helped ease some of the overbought conditions and will probably facilitate a move higher.

The selling volume was very unremarkable which does less to negate the buy confirmation from Friday.

On the 10 min chart, today's action appears like consolidation.

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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...