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
Very bearish now and looking for a retest of lows in 2-3 weeks. I have puts in SPY, AAPL, GOOS, and GLD. Calls in RIG every major dro...
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...