Wednesday, October 19, 2016

Oct 19 - GLD finally moving, YRD bounces

Not a bad day and I finally cut loose CMCM and basically wrote off most of the option premium.  Only sitting on YRD which has made a very nice recovery.  I am thinking that China stocks might slow down until November once indexes might break out of this zone.

GLD I am targeting 123-124.

WFC doing well, BIIB soso.   My VXX puts doing great despite a modest up day in SPY.

I made a big gaffe and once again missed the move in oil.

The rounded bottom and miners leading which is bullish

Here again you can see miners leading

 still have a crazy target of 40 in YRD.  If that happens I will cash 400% on my Nov calls

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