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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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...