Wednesday, November 11, 2015

Nov 11 - Long GLD/ NUGT

Looks like a very good long setup for GLD/ miners right now.  In GLD call spreads and NUGT and looking for a 1-2 bounce.  Equities continue to churn/ drip and will wait until next week to potentially go long.  Right now the picture is too unclear to pick a side.

Positive divergence on the hourly which could lead to a big spike up.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

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...