Added SPY long exposure on the morning dip and so far so good. UUP calls are in good shape and GLD puts I feel the least confident about but I will need to give that one time.
Positive divergence playing out so far
Promising so far but today's up move might need to fail to allow equities to gather more energy to move definitively up and out
Thursday, May 5, 2016
May 5 - Equities bouncing, maybe short term bottom or close to it/ USD continues to move up
at May 05, 2016
Very bearish now and looking for a retest of lows in 2-3 weeks. I have puts in SPY, AAPL, GOOS, and GLD. Calls in RIG every major dro...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...