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
Very bearish now and looking for a retest of lows in 2-3 weeks. I have puts in SPY, AAPL, GOOS, and GLD. Calls in RIG every major dro...
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...