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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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...