Monday, August 3, 2015

Aug 3 - Limited follow through on selling

Exited SPY short on the spike up out the bear flag that was forming on the 5 min.   Now printing exhaustion candle on VIX so things could go either way.
The long wick and low volume not ideal for follow through selling tomorrow.

A buy signal on CCI RSI but not robust but enough to present risk to short positions

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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...