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.
