It’s time to close out any remaining long positions in this space.

The oil is still hanging in so I will give this sector another day to show what it’s made of.

The Silver and the Gold could have just shown the last throws of a Bull before we see some more profit taking. For the long term Investors, I would not keep more than a token position in the metals or the miners. I’m in the camp that a correction is coming and better entry waits down the road.

You should be out of all but some remaining small positions in the SSO,BKX,SOX.

If we do not start a short covering rally around 2:30 CT. I would take some more of this off.

It makes no sense whatsoever to give back all the money you have made in these trades.