Tuesday, April 21, 2015

Apr 21 - Selling off of resistance

The indexes after posting an impressive bounce yesterday have hit resistance and setting up another move into the consolidation zone.  Even if we end up slightly positive, the indexes are set up for a solid down day within 1-2 days as we will print a reversal candle in both SPY and VIX.

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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...