Friday, August 14, 2015

Aug 14 - Mixed bag

I have set my stops fairly tight in SPY/ XIV and will let them do their work for today.  The bounce is less than what I was thinking.  If we get a sideways day on low volume, I will construe that as bullish going into next week since we have had multiple chances for the bears.

We continue to churn inside this expanding wedge.  A break out above it might mean ATH.

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...