Thursday, December 9, 2010

12/9 Daily Commentary

The third day of topping movement in stock indices.  I'll be increasing shorts on break of SP futures 30-minute M/A (30-minute close below 1222) and DJI critical support break at 11,190.
Holding SDS, ZSL and EUO with no futures positions.
I'll be shorting gold on break down to 1360 Feb futures.  I can't count a 5 down yet.

Silver is a short here but the daily trend will not be down until the green line is violated by 25 cents:

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