The market looked like it would have tanked down 700 points for the Dow but was stopped by Ben giving us a 75 basis point cut. it would have been best for the market to go down further and to correct properly.

I sold my short positions in TWM, QID, SKF for very nice profitable trades.

I expect we get a bounce but I am not willing to go long in the indexes, but I am in certain gold stocks. I know I sold yesterday but I liked the turnaround action by ABX so  I entered back at $48.44. I also will enter into AEM in the morning.

CPHD is holding well and did a great bounce today, this is the kind of price action I was expecting. Now I want to see this push past $32.33 swing high.