Monday, August 10, 2015

Aug 10 - Short SPY

I could be a bit early going short but today smelled like nothing more than a short squeeze.  Volume was very weak considering the size of the move.  I was originally planning on holding but it got close enough to my target and was weary of how we did not trend cleanly.

Not a perfect sell signal on SPY but stochs and CCI have triggered falls on the last 2 signals.
 Very weak volume, even more so for such a strong move price wise.
 Very close to where VIX has bounced and equities have reversed.  I didn't want to miss a potential gap down so I felt we were close enough to the reversal level.

$VXO also close to the normal reversal zone.

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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...