Sunday, July 9, 2017

July 9 - Long small QQQ, still short XME

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.

2 comments:

Vinnie said...

You did good going long Friday with QQQ. It made a nice move today to start the week., though it is prone to wild swings as of late.

Greenlander said...

I'm probs not touching it for a bit. All this chop is too much work. I'm happy sitting in metals now for 1-2 mo

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...