Thursday, May 7, 2015

May 7 - Oversold bounce

My SPY long is moving nicely after a strong oversold condition.  It does have some room to move up in the consolidation wedge so depending on how we close, I may let some run into tomorrow/ next week.  The 1 hr + 2 hr frames will be my guide on the exit.

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...