Closed SPY short on open Friday for a small gain and flipped to long QQQ later in the day. Not the best entry but the positive divergence should give it a bump early this week. With equities, until that 3-5% SPY correction happens (we might need to wait until Sept/ Oct for it), I am going to be a lot quicker to pull profits when I see them.
The gonzo metals/ commodities trade I am still eyeing but XME seemed to be struggling so wait and see here with a small short. If it clears resistance I will hop back on.
False breakdown but this chop is pretty ugly.
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...