Seeing negative divergence on the 1 hr frame, buy signal on VIX daily and sell on SPY daily. It might take a bit for price to confirm more clearly but VIX spiking has tilted things more bearish. upon confirmation, will add to position as still possible we melt up. Starting with 50% position.
TRAN issuing sell signal and weak price action today.
First down day in a week for SPY but things might rebound by close.
VIX looks like a buy here.
Negative divergence, to be seen whether it plays out. But price is struggling somewhat.
SPY still in uptrend and will need decisive break below channel for shorts.
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...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...