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 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...