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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Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.