Trucharts.com - Brief Update - 10/20/2014
Markets closed strong today as we predicted - VIX was extremely high last week and it offered a great opportunity to sell some puts and cover shorts. NASDAQ, SP500 closed at the highs and we are seeing a rebound in gold due to issues in Eurozone - Greek bond yields have surged higher. This looks like it maybe a bottom for the gold miners - but we will have to see confirmation come from gold price. Our long positions did well - T, TUBE and USO (coming off a bottom looks good) - OIL is extremely oversold and should move higher. We expect AAPL to announce a good quarter and provide a good forecast - we will post an update on this later.
See this very interesting article below on hedge fund long exposure in the markets.
Technical Analysis - Trucharts.com - Check out this article released by BOFAML on hedge fund exposure to the markets -
http://www.zerohedge.com/news/2014-10-20/going-q3-hedge-funds-have-never-been-more-bullish
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