Tuesday, June 27, 2017

Jun 27 - Breakdown in FANG

Took profits on some of the puts.  Think since the complacency in the put/call ratio still exists there's more downside.

My big XME position suffered a reversal so even metals isn't immune to this



Tomorrow probably will be a down day and if not tomorrow, very likely more weakness ahead

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...