I made a good call on Thursday about the exact low close again. The market sold off hard Friday morning with the indexes down as much as 2% on some. However, by the end of the day the markets rallied back up thanks to some Federal Reserve injections. Its not going to matter though. If next week moves up, then the theme of “sell the strength” is still in play until the market shows that its bottomed.

I went short on Friday in the indexes with plans that it could bounce, and then I will add to those shorts again.

Gold started moving nicely. I bought some GROW options. Yeh I was just in them and dumped them, but now I’m back in again. All the gold stocks are turning up again. If there was ever a whipsaw…

I was in cash Friday so I didn’t make any trades till the eod.

Tags: ,






Thanks for reading

Want to know when I post again? Subscribe to the StockRake feed: .