I do not like the way this market is shaping up. I've taken my long exposure off for pennies profit and am simply sitting short again. The question now is what it was before; is this a range bound market or is it about to trend again. We bought some time to try and answer the question but so far the answer hasn't been answered. The additional information we obtained though was a retrace move higher that gives us a stop out point to take profits on the SPX short and that's what it's all about. Just another way to play the move as we try to obtain maximum profits.
Gold is jumping again and I added there again earlier this morning with GG. Oil up almost 3% now and it's hard to see this market move up much as a result. If they are going to window dress this month they have their work cut out for them.
Gold is jumping again and I added there again earlier this morning with GG. Oil up almost 3% now and it's hard to see this market move up much as a result. If they are going to window dress this month they have their work cut out for them.
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