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After getting slammed with the Friday’s shorts and into Monday’s melt up, I moved to the sidelines. I knew we were going higher after that melt up, but wanted to collect and gather. I’ve made a few small trades in between, but they have been losers. I held onto my bias. That bias is gone now and am moving back to my 60 min charts until the trend changes. My bias has allowed me to miss opportunities over these last 3 days.

Here are some of them.

Ok so what is next? As far as the SPX goes we closed above all levels. If we open below 1096.56 tomorrow I’ll go short the indexes. On the long side I’m eyeing the uranium names: CCJ, UEC, URRE, and I’ll keep a close eye on the dry bulks again.

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