Tuesday, August 18, 2015

Morning Update

Yesterday was a crazy day.  Our ES swing long activated and it quickly was stopped out for a 10 point loss, then the fake out breakout, was a fake out, and it activated again and we at least got 5 points back.  Now we we hit resistance, again.    My signal suggests we go higher.  Watching for now.

The Ultimate portfolio remains at 50/50.  The $50K-$ 1 million challenge is stil in cash.

Individual trades of;

GLD put spread 105 week4/103 week3 still on, small loss
BIS trade was stopped out for a profit,
NUGT Week3 strike 4 put still on, flat
IWM week 4 118, week3 117 put, still on, currently at a loss

Still expecting strength this week, and weakness the next two weeks.

NADEX trades keep humming along.  Three nice trades yesterday.  Look for a gold short overnight tonight, and I will tweet out ES EOD.  Shortly.

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