Wednesday, August 5, 2015

Aug 5 - Reloading w SDS

A pretty decent short set up with a low volume black reversal candle on SPY + hollow reversal candle at low end of range in VIX.  One unwelcome wrinkle is that we are in the middle of the range on both the hourly and daily so unless this triggers quickly , it might be more trashing around.  But generally this spike up in the morning being sold off is fairly bearish.

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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...