Thursday, September 9, 2010

9/9 9:45

Sold 4% SDS at 31.85 in ARCA after 30-minute M/A envelope exceeded at 1101.  Bought 4% SDS back at 31.47.   I1 peaks tomorrow.
I'm going to increase my position in precious metals shorts on silver break of hourly M/A:
Right now I only hold 2% position in DZZ short gold. 
I hold 4% SDS as well.

2 comments:

  1. Good Morning Steve,

    Do you have price targets for gold and silver? if so, are you using GLD and SLV etf's for price, or Gold and Silver futures?

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  2. After the markets close today, We will be heading out for southwestern CO for some camping, hiking, and maybe backpacking. So I'll be gone tomorrow and all next week. (Not happy about missing an exciting time in the markets, but they will be here when I get back. ;-) I won't be commenting during that time.

    All the best to you and yours. I'll "see you" week after next.

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