Market Is Going To Break, Who Knows Which Way
I bought C Feb 4 calls based on the chart below. The SKF sell in the chart below sort of helps my trade.
I don’t own KGC, GLD, and DGP as I sold them all today (probably a stupid mistake), HOWEVER, I’m a buyer of all of these tomorrow on a dip. Gold is my long term SWING idea. All the gold charts look good and its screaming buy here and buy now.
XOM – A short SWING idea. This puppy is rolling over and I’d be a buyer of puts tomorrow if it gets a pop. USO/OIL was oversold today at the close, so that is why I did not hang onto XOM puts. In case there is a pop in oil tomorrow that helps XOM, I’m back in. An even better tell is if oil rallies and XOM still acts like crap.
I also own FRG and AZK for the mining/gold trade idea.
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