Wednesday, March 16, 2016

Mar 16 - GLD short, flat equities

sold SPY longs at breakeven on gap close and now flat equities.  Got back into GLD short on the bounce this morning but am closely watching equities.  In case equities fall, gold could catch a fear bid and throw a wrench into what is a pretty good short setup now.

 The weekly looks about to issue sell signal but the recent uptrend has been very strong so any pullback will find buyers at some point
 Backtest of trendline and turned down

This is starting to look wobbly.  No position here and will wait EOD to do anything if at all.

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...