This is the second time that a retrace has pulled up short of expectations for me, and I consider that bearish. We may however stay in the 1850-1910 ES range for a bit as there is a new month and Chinese New Year upon us, but I am looking for rallies to short for now.
I closed the XIV trade for a blended average loss and flipped to VXX, sold IWM flat, and XLE for a profit. I bought BIS, which is doing nicely, and bought some SPY puts at the announcement which are up.
Still holding GLD and USO long. I was going to short AAPL, but was already making too many trades on FED day. I will wait for my next sell signal. Also, if interested, TSLA is a mess, They are going to have to raise cash in a hostile environment. This is a car company trading like an internet stock.
Finally, it looks like an overnight ramp attempt is failing. Watching to see if we continue to fall.
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