I missed the DIG by 0.10 cents and missed out on 33% gains

I am still in gold stocks and it’s pulling back nicely on lighter volume. I am in DGP, GG, RBY and TGB.

Sold SSO, UYG, and some GS. I sold the profits, raised the stop to above my buy point so I have already locked in my profits which are over 20%.

The market turned today on profit taking. I went slightly short and bought SDS and DUG. The SPY is a good ETF to track the S&P 500 which turned down this afternoon. We need to watch what it does at the $95 price point. If it goes below and closes above on lighter volume then the market is heading up and I will flip to buy the SSO.

I placed buy orders for FXP (UltraShort FTSE/Xinhua China 25 Proshare) which I think is heading to $120 from $90.4. This went below yesterday’s swing low and closed above it on higher volume which is very bullish. Bullish if you are short the China index, which this is telling me.

I am buying APWR which wants to go to $10-11.

What a wild ride on Friday. We were all over the place with price destruction and big volume. At the end the Dow was down -128, Nasdaq up 4.39 and S&P down -10.70.

We have hit a temporary bottom. This price destruction that last few weeks was equivalent to 1987 black monday. I think this week we will see the Dow climb over 1000 points to around 9500.

I went long gold stocks like GLD, AEM, DGP.

Long GS, UWM, FXI, UYG (augh the Financials), and dare I say it DIG which is the long oil.

These are for trades for the next week or two, then we made capitulate and then down again….but I hope not.