Feeding off of pain and euphoria. Find me on Twitter @greenlander1
Tuesday, September 27, 2016
Sept 27 - Probably only a short lived bounce in equities
So far, a very good day. GLD short, long LN/ TWLO/ QQQ all working except a small down day in WFC. I just sold TWLO as there is a good chance it dribbles down today. If it fills the gap, I will be a buyer again.
Would be surprising and force to chase if it breaks above the trendline today/ tomorrow but betting right now that we will see some settling.
If we tag the lower end of the range, will make a nice re-entry
so far looks like mini-consolidation
LN looking great and starting to think about taking some profits soon
GLD short is working and question is whether it bounces soon or breaks down below this consolidation zone
If miners break below, will feel more confident about the GLD short
Going to unload QQQ long position picked up at close yesterday probably at close. The chart is a mess.