Monday, March 23, 2015

Mar 23 - Slow day, continued fall for UPP and rise for GLD

After the second day of EOD weakness, decided to unload the other half of my QQQ position and will look to re-enter if things look right.  SPY after having a very nice base today, broke end of day with an unwelcome sell off that should be taken as a sign for caution.  UUP is hitting the zone in RSI/ CCI that it has normally bounced up from but the recent volume has been exceptionally strong.  Too early to say we have a potential trend change but the volatility does not bode as well as it looked only a month ago for the US dollar.

Currently sitting net short via IBB short and long GLD.

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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...