Gold was slammed hard on Friday on strong volume. This looks like a blow out. I am taking a small long position in the GLD at $78 which is a gold ETF.
I also like VISN and bought at $18.40.
I’m short ZION (bank) at $28.00 from Friday.
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I shorted POT at $201 on Friday and today it got slammed down to my limit sell at $177 for a great 10% profit . This may hit $175 then bounce up to $205-210 for a short again.
I also shorted ICE at $93.20 on Friday and dropped 11%. It wants to test 80.20 the last low.
Got stopped out of SNHY on heavy volume. This wants to test $30.
DUG was great again, it still want to test $44 and oil keeps falling.
Bought PWAV today at $4.40. This has great support at $4 range and wants to go up to $5.50.
DUG pull back up nice today. BX is still rising so I may have entered too early. I may get stopped on Friday or Monday. I am looking to short JRCC, WYNN and POT all in the morning, all have nice set ups.
I bought SNHY today at $41.00. it broke out of a swing with strong volume. My stop is under $38. First target is $47.
Bought ABAT again at $5.51which was the perfect low. But I must confess it was a limit order and I got filled…good for me :-). There is a high volume high at $6.40 as my first target.
