Tuesday, December 22, 2015

Dec 22 - Wobbly move up equities

Not much to note today.  Equities clawing up but I am leaning towards recovering towards a close around the gap.  GLD holding up fairly well even though it had printed a sell on the hourly.

HYG maybe be putting in a bottom.  The equities market needs this to happen for a sustained move up.

Looking to close longs around 50% retrace
 GLD still hanging in there.  Whether it ever blasts off is another question.
 USO may be setting up for a move.  The positive divergence is encouraging.

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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...