Thursday, January 8, 2015

Jan 8 - Big follow through

Strong gap up and solid follow through today.  The up/down volume ratio confirmed and it is looking likely we retest highs.  The strong up volume spikes on the daily usually mark reversals.  Conversely, the lack of big selling volume ratio on this downturn was apparent unlike the previous 2 downturns.

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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...