Stock market and silver are both down to key support. Silver confirmed it's short-term downtrend by closing hourly below 17.19. It declined to 16.90, which should provide a snap-back rally. My portfolio (and the model) is:
SDS full position 5% of capital
QID full position 5% of capital
SKF 1/4 position 1.25% of capital
ZSL 1.5% of capital
Looking to add onto ZSL, the short silver, either on violent rally or when May futures close on a 90-minute basis below 16.90.
Looking to add onto stock positions when:
XMI declines below 1164.20 and later when SPX declines below 1130.
Update: 9:35
Sold QID at open for 18.10 to wait for Cisco's miracle at 11:00 "that will forever change the internet". Looks like a short-selling opportunity to me.
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