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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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...