Tuesday, October 4, 2016

Oct 4 - Indexes looking wobbly, closed most WFC longs

Reluctantly closed most WFC longs at a loss since the overall market is looking shaky.  Very solid volume and will look to reload the WFC longs after we hit maybe 210 in SPY if we get there.  I still like the premise of the WFC long and potential for a massive short squeeze but the indexes will drag this one down.

Took SPY short on the break with target of 210

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

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...