Thursday, June 30, 2016

Jun 30 - Gap almost filled

We are really overbought but hard to bet against this.  In the afternoon tomorrow, we could easily see a ramp up.  Needless to say, I folded my put spreads this morning.  I am even more surprised but the level of strength than I was yesterday.  So far it has been a complete mirror move from the Brexit down move.

1 comment:

Geet Khare said...

Gold held gains after China PMI data came in mixed, and silver soared as investors see continued easy monetary policy in China and the Asian region.

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...