Monday, April 25, 2016

Apr 25 - Still long SPY/ IWM/ AAPL

Low volume sell off and if things stay contained within the consolidation zone, we could be setting up for another leg up.

Descending wedge/ channel

Extremely low volume today.  We might not even hit 75MM shares traded
 NYA showing positive divergence and action so far looks corrective, not impulsive, to borrow EW parlance.

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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...