Thursday, October 30, 2014

Oct 30 - Still plowing higher

Again another bullish close and looking for a retest of previous highs very soon.   Breaking to significantly higher highs next month is not inconceivable.   Gold and silver sold off and getting closer to another potential move down.  I have a very large short position in GLD and looking for 105 as initial target and potential 90-95 eventual target maybe early next year.  Accordingly the US dollar moving up in inverse.


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May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...