The market sell off is weak and choppy. Maybe another few days to a week of chop but I feel strongly we get to ATH towards end of this quarter.
Added 1/2 position of GLD bringing me to full position.
Eyeing IWM calls towards close or maybe earlier.
Hard to see but a sort of inverted H + S. The main thing is the move up was impulsive and the move down has been choppy and scratchy. Which leads me to believe we are coiling for a move up.
Monday, October 17, 2016
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...