Position Update…General Comments

We got stopped out of the GDXJ on the opening and it’s done nothing but rally all day. Screwed the pooch…redux! If you put your trade in as a “stop close only” you’re still in and looking good.

SDS…This ETF should print 23.08. Any remaining residual longs should use a break even stop around 22.25.

SPU…1201 should be a very interesting level the first time up and provide a place for initial price rejection.

Euro…I can not quantify a good stop so I will pass on a short for now. The next few weeks will provide plenty of opportunity in the currencies with definable risk.

 

 

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