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.
Still holding $RIG Mar2 and Mar16 calls which are up 100-200%. $shak settling nicely and I have plenty of time with Jun 45 calls
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...