Wednesday, January 13, 2016

Jan 13 - Worst case scenarios

Seeing potential for major downside based on just a gut feeling based on VIX not spiking, i.e. fear not gathering much steam and volume increasing but nothing even close to capitulation.  In addition, the failed buy signal from 2 days ago doesn't bode well.  Seems like much of the internet thinks support will hold around 185-187 in SPY from Aug lows and that we will get a bounce to short back into which makes me think it won't hold.  In addition, support has already failed in $NYA and small caps.  Indicator-wise, things are on buy signals for typical markets but we are probably entering a more dangerous phase of the market.

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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...