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Interesting idea of a potential head and shoulders of the s&p. Looking to see what $TLT will do next week. Have a strong feeling it may surprise some to the upside
Thanks, John! We’ll see!
Wow. One of your best recaps ever Chess. Really complete, comprehensive. Appreciate all your time on these. Okay so yes I went long UGAZ this week as I do often lately and sold at 33 today when it took a slight dip! Argh!!!!! The worst feeling when it hit 42!!!. Speaking of that tho I do feel that DGAZ looks perfect HERE. Not for tomorrow or even next week but to buy here and hold for a few weeks w/ discretionary cash. I mean, $3?!?! Forget about it. I stayed short gold today after Fed announcement through DUST and feeling a little pain for sure. Hate being in the wrong side like that. BUT I just don’t see gold staying high now that QE is slowing UNLESS it’s literally just a fear hedge. Frankly I get that. This market here-now is SCARY. I got burned in AAPL and C this week as you so pointedly illustrated. BUT I made up for it by shorting YHOO pre earnings, shorting FXY thru YCS, IYT, the NQ, and TUR. Now I see TUR as a possible long BTW. Great profit through JO today. Thanks for that. Went long FB today at EOD and looks like it paid off. But still sitting on a lot of OTM calls in the red. Shorted RIO once and profited. Did it again today. Already green. Also see URI. I already sold but I still like it. Also like YUM for an earnings bounce. Buying calls in the am. Thanks for all the ideas. Good luck tomorrow. -E
Thanks! Good stuff