Wednesday, August 26, 2015

Aug 26 - Rinse and repeat. Sold longs on open and went short SPY

Not sure what is going to happen today but once again sold longs on open and now fading the gap with a very small SPY short which if it hits gap support will be closed.

As always, will wait for the close to make decisions on larger positions.  As ugly as things look, we 'may' be trashing around and making a temporary bottom.  Perhaps we will bounce around ala 2011 before things stabilize.

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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...