Playing it safe and unloaded shorts on open. Who knows maybe things crash but 3 unfilled overhead gaps and running into OPEX week I would rather protect my gains and see how this potential bounce plays out. The big thing is that the buy signal on the daily looks fairly convincing.
Reposting CPC (put call spike) from yesterday
Yesterday completed a measured move B
Where will this bounce go? Will it be a good short?
Stochs/CCI say buy or close to it. If we have a light volume day and close below the lower BB, it is dangerous to short.
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...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...