Wednesday, February 4, 2015

Feb 4 - Short term uptrend but within consolidation zone

A decent risk to reward short opportunity within consolidation zone for a short term move.  Stop should be set very close above the upper trendline.  Some bullish indicators like HYG acting very strong and $NYUD volume spiking on the up days which should give caution to bears.  If we break out up, then a decent chance we are heading towards retests of highs.


No comments:

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...