Tuesday, March 1, 2016

Mar 1 - Bears get mauled

Retail bears loaded onto the boat towards close in what looked like a set up by the MM's.  Lots of divergences yesterday in junk bonds, up/down volume, overall volume, put/call ratio which made me suspicious.   Still long from yesterday and looking for a pullback/ consolidation or a quick pop to 200 SPY to pull profits.

Treasuries losing a bid causing it to break the descending trendline
 Breakout over wedge/ triangle in emerging markets
HYG blasting off
 SPY very overbought but no divergences.  Willing to chance a pullback to see if we get another push up as we are very close to a potential sell zone.

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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...