Monday, December 1, 2014

Dec 1 - SPY HYG sell signal triggered Fri

HYG posted sell signal Friday.  Now sitting in big position of SDS and expecting some selling for this week.  GLD hammered Fri with the oil selloff and will see if NUGT is worth reentering.  Gold miners bounced hard off resistance so for now trend is back down again although there are still indicators that a long position is not out of the question.  If GLD breaks previous lows we could be looking at that big drop more than a few people are looking for.

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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...