SPY and the other indexes continue to grind. Not much to play here until we move off of the range. I do think at some point within next 1-2 weeks we move off this range to the upside. When exactly I have no idea.
Just a lot of chop. We are in the middle of the range so not point placing bets here. If the indexes slip a bit, I will looking at biotechs and perhaps XBI calls
URA made a great move. Found this idea courtesy of Jeff Kohler over at Trading Addicts. I never would've traded uranium in a million years otherwise. I am a member of his trading room and he provides great daily commentary and analysis. A lot of recent plays I have found through his research like BIDU, BABA, LVS, and SNAP. Highly suggested.
ARNC made feeble move up so this might not be 'the' move
Monday, April 10, 2017
Apr 10 - SPY continues to chop, stopped out of AMBA, potential breakout in URA, still short GLD
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...
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...