Thursday, February 16, 2017

Feb 16 - Re-added IWM short, long GLD, GDX, FXE

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

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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

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...