A very unexpected slide in equities and metals triggered my stop in NUGT at 15.25. I wasn't expecting any big moves until after the release of FOMC notes so this is surprising. The speed of the move down and its fairly strong volume made me lean towards waiting to see how the day plays out before considering jumping back in.
HYG continues to slide also and I will continue to monitor to see if the negative divergence increases.
Update: Back in NUGT at 15.50 and watchful of FOMC minutes coming up soon
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...