Wednesday, May 4, 2016

May 4 - Potential short term bottom in equities

Settling into a low volume wedge which might break out tomorrow or perhaps have a false breakout and breakout later.  What bulls don't want to see is a resumption of large intraday range and volume.  If not, the action should be construed as bullish.


No comments:

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...