Gold looks like it may test broken support now resistance and perhaps bounce over it.
The indexes continue closing bullishly and QQQ looks primed for a move out of consolidation. If it can make another solid close, it might have eliminated the chance of an island reversal which I was considering earlier.
As before, we continue to be very overbought but the tape continues to reflect aggressive buyers on dips.
Tuesday, November 11, 2014
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...