Friday, March 20, 2015

Mar 20 - GLD update

It's taking off again.  I took a mid sized position right after opening and am looking for at least a move to 117 to the upper Bollinger.  On the weekly there is more upside room.  We have a buy signal on both the daily and weekly frames.  Miners are also having major moves today.  NUGT is up 11% as of now.  That said, GLD is extremely skittish so chances are there will be a lot of irregular retracing and gaps as we go.

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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...