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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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...