Big rally based on stimulus bill and maybe some hope that we won’t be holed up for months. Before jumping to conclusions, let’s just agree that an oversold bounce was in order.
I was long SOXL and I sold it this morning for +25%.
My other positions are gold and I’m keeping them because the Fed is literally giving away money. European markets are all up 7%; but gold is the standout — higher by 5%.
I might visit the short side, or not. One thing is for sure, I’m not trading now with markets +1,000 and it’s only 10am. Let it settle in for a bit and then I’ll take a trade or two.If you enjoy the content at iBankCoin, please follow us on Twitter