Tuesday, August 2, 2016

Aug 2 - SPY false breakout

Got stopped out of XOP/ SPY longs for losses.  Looks like this consolidation took too long to cook and may have failed.  We had a weak RSI breakout which failed.  There's a chance that we have a false breakdown but I am not buying the dip here, nor going short.   The accounts got dinged for a few percent on this move and will wait for a stronger signal to potentially go long.



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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...