Monday, October 19, 2015

Oct 19 - Equities choppy, metals/miners down

Equities making an impressive recovery from a gap down and now looks like there will be more upside to hit underside resistance of 205 in SPY.  Still holding short GDX, GLD and long UUP from last week and looking to hold for a couple of weeks.

I left my setup info in this chart to show how wrong I was going short and how strong the market is now.

UUP bouncing from where it should but not a strong one.  Holding now and will see what happens.

 SLV dropping nicely and looking for a 50% retrace or more.
 GDX issuing sell signal on CCI
 GDX entering the in the money zone for my put spreads expiring end of Oct

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