Monday, August 3, 2015

Aug 3 - Equities weakness

The 1 hr sell signal on equities and buy signal on the VIX daily are so far confirming.  Went short right after open and will hold until the hourly looks ready for a bounce.   I will also be watching to see if volume is stronger than Friday.  If so, I will probably look to hold overnight.

I finally lost my patience with the DUST puts at a 40% loss.  While GLD is stabilizing, it isn't bouncing either.  I will be watching for another entry but I am going to hold off for now.

No comments:

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...