Wed thoughts

314
PLAN: now that cash is freed up as result of sales in GDX and NUGT, if the oil uso PUTS do not move today or tomorrow, i will SELL the PUTS tomorrow at a loss and replace with short USO and/or SCO...since the USO will not decay like the puts do... the puts were a temporary 2 day measure to enable a position in oil before the cash was freed from GDX

309
GDX hit 28.43 Inv Bank sell level trgt

29.03 next sell level GDX but its starting to get stretched now, and may pull back to 2750 area where i'd add in coming hours days

301
OUT of NUGT quick piece 7302, will look to reload later...still have multiweek swing for over 110 trgt

253
GDX hit 27.80 trgt, last 2786

252
22% move up in NUGT in one day, that stuff is v volatile this year

251
2840 new Inv Bank sell level, from 2780 prior one...stall at 2780 would make sense, but Inv Banks running away from selling and waiting for higher levels

227
atm the OIL puts and SCO are red, but imo still will go back to at least break-even

226
2755 raised stop
wont keep posting every change,,,manually trailing thhe stop

225
tigth stop, 2739, on gdx now, on active piece, last 2744,,,v tite may get stopped but will protect gains....

221
GDX stalled 27.38, right near prev posted 2740 old Inv Bank level, normal behavior...still waiting on 2780 tho

215
have order to sell some gdx nugt at 2780 (active piece),,,holding multiweek swing for gdx targets over 34 though

212
2740 and 2780 are old and new Inv Bank sell leveld on gdx, last 2709

203
GDX and NUGT large moves up, after FOMC

143
have order to sell options on oil uso at modest 21% gain if able, modest target, not looking for 100% or double

1217
move in oil volatile enough, so bought PUTS in USO, rarely trade options but looks good here

1132
oil 105.35 or sco 28.70 approx exit area if able, then will re-eval

1102
105.79, added mor oil shorts, sco

953
long SCO 2877. trgt 10-80 cents. scalp. took at oil 105.14

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