Thursday, August 13, 2015

Aug 13 - Potential bear trap - long SPY, XIV

Today looked like low volume consolidation.  Went long XIV SPY at close.  We could easily drop back down but this looks very similar to right off the bottom situations where shorts jumped back in after the first sign of weakness, leading to a big gap up.

Yellow areas indicate where this has happened before, often with big gaps up.

$VXO confirmed its sell signal today but longs are not out of the woods until the indexes break up and out of its descending wedge/ channel.

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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...