Wednesday, January 28, 2015

Jan 29 - Potential breakdown

Toward was set up for a bounce day but instead got a heavy distribution day, the first since December.  It is looking more probable we retest lows from December and possibly below.  Going into next week there is a pretty strong chance of continued downside.

DIA broke down out of its consolidation while SPY/ QQQ while still within their respective zones, are threatening to challenge them bottom levels soon.  After multiple tests they often fail.

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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...