Still in YRD which is consolidating nicely and the indexes continue to churn. Possible we see a flush out in the next week or two but things look poised for a strong end of the year run.
Sold the other 1/2 GLD this morning and who knows I might miss the runup to 124 that I was targeting but I think I have more interesting plays that have better longer term value.
Also still long BIIB, WFC.
Added CMG as a pre-earnings play and if we get a good run up will pull some off before earning on Tuesday.
A really fantastic range to trade in
YRD has thoroughly spooked me the last 2 days with the wild near 10% swings but looks like healthy consolidation. I have high hopes for this one.
Thursday, October 20, 2016
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...
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...