Monday, November 28, 2016

Nov 28 - Slight pullback/ short term very overbought but trend is still up

Haven't changed positions in 2 weeks and letting the market do its work.  A mild sell off is potentially around the corner but am holding for now.


Still see more upside here to the 230's.

Also have the target of low 20's for VXX

You can see how the intense hedging activity pre election provided fuel for this rally

No comments:

July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...