Tuesday, August 11, 2015

Aug 11 - Closed SPY shorts

I'm not sure what is going to happen here but we got a huge gap down and decided to play it safe and book profits.  It was too much to say no to.  We 'may' get a gap fill attempt where I would attempt another short.  Also possible that this gap fill fails and we trend down all day but we will have to see.  If that looks like it will happen, I will take a smaller short position.

We could go either way here and felt risk of gap fill was too high.
There is a possibility of an aborted gap fill ala Jun 29

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July 11 - GLD sucks

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