Wednesday, March 9, 2016

Mar 9 - Re-entered shorts

Volume is extremely low and the potential breakout from consolidation just got rejected.  Bullish leg up scenario not dead but very possible to see the market settle tomorrow at least in the morning assuming we don't get a strong close.  If close isn't strong will hold overnight.  If not, will go flat.

Volume is super low and where reversals have happened.  Also printing exhaustion candle
 Good chance this tests the lower BB and/ or lower trendline before entertaining a move up.

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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...