1/4 Daily Commentary

I shorted NQ late in the session at 2249.25 but SP futures exceeded their 15-minute M/A upper envelope.  This, in combination with the 30-minute M/A lower envelope holding on the decline, caused me to exit the NQ short at 2250 for a nominal loss.  I am still holding 4% SDS.
Here is the 15-minute M/A (green line) which was exceeded by more than 3 points on the late rally. 

Here is key 30-minute M/A which held the decline.  It will take a 30-minute close lower than .5% below this M/A to trigger a sell signal.  Currently this is 1258.25, but I'll use 1258 tonight.

I still hold SCO and am short gold futures.  I exited ZSL at 10.56 but will buy again on a silver rally.

I exited dollar futures expecting Euro to rally a bit and dollar to decline in a normal correction of today's rally.  The dollar must take out today's high 79.775 in order to break the hourly M/A and prove the continuation of the rally.

I exited ZSL at 10.56 but will buy again on a silver rally.