Monday, April 4, 2016

Apr 4 - Short SPY for short term trade, short NUGT

Modest SPY short and have a modest target but the negative divergence seems to be working.

Re-entered GDX short via NUGT short.  Friday was stopped out of remaining 1/2 short.
 Neg divergence on 30 min which usually means retrace to lower BB
 Same here
 Volume profile still favors bulls as up days still stronger.  When it starts to tilt in the other direction and/ or VIX hits 12, I will start getting more aggressive short but until then trend is up.

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