The last intermediate term top VIX/ SPY negative divergence lasted about 1.5 weeks (first yellow box) Looking for at least a week of that also here (second yellow box) before getting aggressively short.
This ratio is signalling we are close to a top
Still holding $RIG Mar2 and Mar16 calls which are up 100-200%. $shak settling nicely and I have plenty of time with Jun 45 calls
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...