Tuesday, February 17, 2015

Feb 17 - Possible for major upside

Last week we broke decisively upward from the long term consolidation zone.  In particular, QQQ and IWM look promising having established nice bases and are leading the move up.  We are also heading into very seasonally positive months of Mar-Apr.  On a short term time frame, the tape is trending very clearly.  For targets, I will looking at the roughly the upper trendline which has often produced consolidation/ pullbacks but that is quite far away.


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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...