Sunday, November 15, 2015

Nov 15 - GLD readying for bounce, equities still cooling

Still in GLD call spreads/ NUGT from Weds.  Looking for a min 1/3 retrace as selling volume is dropping (it fell to a zone where we have had reactions in the past) and a sharp bounce should occur any day now.  On the equities side, looking for some bottoming mid/ later this week to go long into the seasonally positive Thanksgiving week but not yet.

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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...