Going to admit I really don't know where the market is heading. Could be anywhere from 195-200 in SPY. I am waiting for the following to entertain short positions
- overbought stochs/ CCI on SPY, VIX daily
-overbought SPY hourly
-relatively weak volume on SPY on positive days, preferably a day to day drop off on positive days
Would like to see how the market reacts once we hit the orange block but we look close to becoming overbought on stochs
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...
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...