This was a very poorly timed week for me but at least things are moving in the right direction.
I got stopped out of AMZN, IBB, IWM shorts twice this week and lost a big chunk of change being overpositioned and 2 days early. This morning I re-added the IWM short. May add IBB also.
Yesterday I flipped to long GLD, GDX, FXE. So far helping to recoup some of the damage getting in front of the bull parade too early.
Noticing not quite the movement in miners that I expected but will wait here
GLD moving well
IWM negative divergence set up working
Room to fall in the yellow box and maybe more if this sell off turns into something
Thursday, February 16, 2017
I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...