Thursday, May 28, 2015

May 28 - Staying out of equities, long USO, short UUP

Tomorrow looks like a decent bullish set up but there isn't much of an edge.  For now, I am taking a back seat to equities positions until things settle out or hit an extreme.  Entered USO long and UUP shorts based on churn outside of the BB's.  I particularly like the UUP short and am looking for this to be a 1-2+ wk long trade.



No comments:

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...