As we start to kick off the week of June 7th, Asia is currently taking a beating (down2%) and US Futures are also in the Red. On Friday I bought some $GLD July 125 calls. It looks to me like it can make new highs with everyone looking for somewhere safe to stash their money. The S&P 500 closed around those critical levels I mentioned back on May 25 and it looks like it wants to break that 1050-1055 area:
S&P 500 Daily:
GLD (gold) Daily:
GLD Weekly:
I've also been keeping an eye on VXX which reflects the value of the VIX Futures. VIX is a measure of the volatility / fear in the markets. VXX is also starting to turn back up.
VXX Daily:
On Friday, I also purchased some V July 80 calls. I'll keep a tight stop on it in case things get ugly.
Suavezon!
Posts
No comments:
Post a Comment