Tuesday, July 11, 2017

July 11 - Metals flying, closed QQQ long

My XME (70%), FCX, GDX, X longs moved well today and XME may be ready to break out.  I've been teased so many times I am gather my expectations.

Pretty amazing how out of synch the indices are with each other.  I was originally thinking some July swoon but it might just chop around for a while.  I mean it could chop for the whole summer.  Unless playing short time frames I don't see much of an edge in SPY/ QQQ.

QQQ got close enough to the target so I closed it out

If this damn thing could break through resistance then could be clear skies until 35





 This could chop for months like last year.

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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

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...