Shorting SPY today at 208.25
stop is 209 and target 206, if we get more great but this is mainly a 1:2 risk to reward play
Things that are more favorable than the previous short attempt
-very low volume SPY
-VIX hourly printing a buy signal
-SPY daily is scratching upper BB (so is DIA as well)
-$CPC ratio issued a sell signal for equities yesterday
-sell signal on 2 hr frame SPY (which is more reliable than the hourly)
NYSE issuing RSI sell signal which usually means consolidation/ mild pullback
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...
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...