Tuesday, October 27, 2015

Oct 27 - Long GLD, XIV

Unloaded UUP calls and looking for a favorable response from the Fed which is really what has been their default response.  Added VXX short around midday.

SPY looks ready for another move up based on stochs CCI

Reversal candle printed on daily

UUP may be ready to pull back.  My only related play on that is being long GLD but I took profits on the UUP long position a couple days ago
 Sold VXX this morning and went long XIV near close.  Looking for a retest of the lower BB
 GLD drifting up above its descending channel.  The price action looks very promising.

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