Thursday, April 28, 2016

Apr 28 - Out of equities, long GLD

I got stopped out of all longs and now only holding outsized position of GLD.  Today's reversal was unexpected.  Been expecting some pullback for weeks now but maybe this is the real deal.  Not going short now and prefer my position in metals as safe haven trade.  If this is the beginning of a trend change, will be looking to short the bounce.

At the lower end of range.  If this is violated, the trend up from Feb is in question

Still in the zone, but it was a nasty sell off on stronger volume.

SPY weekly looks bearish with back to back reversal tails

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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...