Got back in after seeing major volume after the move up this morning when SPY was even for the day. So far somewhat of a mixed bag.
Edit: 2:30pm closed shorts SPY. NYSE up down volume looks very suspicious
SPY price action - bearish
SPY volume - bearish
IWM price action - bearish
VIX price action - bearish
$TNX - bullish
$NYSE up down volume ratio - neutral/ bullish
HYG (junk bonds) - bearish (up for day but printing reversal candle)
If 30 min signal doesn't trigger a bounce, we have a trend change probably
First target is lower yellow bar at 62% fib
For some reason, Treasuries being sold today
VIX however is confirming
HYG issued sell signal on daily and now printing reversal candle
Strange the selling volume ratio is not weak for the $NYA
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...