Thursday, March 26, 2015

Mar 26 - Closed IBB short for +8% gain and GLD long

IBB is pretty close to what has been typically capitulation volume and is stalling a bit so decided to close out the position.

GLD although continuing to move up, is printing a second exhaustion candle and volume has been thin.  Could move up but I am concerned that it could correct like the previous events in yellow.  Not quite at the target zone but going to play it more conservatively.

$VIX also hit resistance and may signal a bounce in equities although we will need to see the close.


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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...