Looking at futures, not excited that I closed out half near close and may have made the mistake of overmanaging my position. I am expecting things to be pretty volatile and in general a difficult swing trading environment for the next 1-2 weeks. A general warning sign the last few days has been the continuous ramp in gold and Treasuries.
Game plan for next 1-2 wks
1. Close short position and go long on positive divergence/ buy signal on 1 hr chart with a minimum of 205 SPY
2. Re-short at 210 SPY
Anything else, will just wait things out as there might be a high possibility of whipsaw.
I am guessing roughly 203 SPY will be a long entry but will wait for the CCI signal to appear, preferably with positive divergence.
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...
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...