Still have target of low 20's in VXX within 2 mo
Tuesday, November 15, 2016
Nov 15 - Sector rotation as equities continue up
SPY moving up on weak volume. Let's see if it holds. Still holding longs, major position is a big batch of Mar ITM VXX puts. Tech staged a big bounce today and energy also. We might be looking at musical chairs until the end of the year.
Still holding $RIG Mar2 and Mar16 calls which are up 100-200%. $shak settling nicely and I have plenty of time with Jun 45 calls
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...