Tuesday, November 17, 2015

Recap and Look Ahead

Well I expected a reversal this week and was short volatility
(see  http://bobsstocksignals.blogspot.com/2015/11/thinking-out-loud.html) but not so quickly and violently, But in a unstable, low liquidity market run by automated trading is becoming the norm.  Having said that yesterday was a good day.

XIV's stop is now $28.08, trailing it now $.50.
We also entered SSO at $62.53, stop is now 63.25, trailing now $.50
BIS short at $32.50, stop is now $32.50, Trailing now $.50
GDX at 13.87, stop is 13.67.  Trailing $.20

NADEX long trade was a winner, as well.

For today, I expect consolidation, and maybe a pullback.  My target was 2060 for the week, and we hit it overnight.  If we blast through we are going to challenge new highs, if not watching for a trade back down to Monday's open, by Friday.

Will post new set up's as they hit my signal.  You can sign up on the right if interested.

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