12/8/16 Close

4:22 update: exited mining stocks. Will wait to see what happens tomorrow.

1:08 pm. GDXJ closed above its 21 sma for the second day in a row. Just before the close a 150,000 share block print came in at 35.85 and we close squarely above. GDXJ closed above the 21sma, the 4/8 emas, and above the print. Bullish.

ABX also had a 200,000 share print at 15.88 and closed above. GLD had prints at $111.49/500,000 shares and 111.51/141,000 shares and closed above both. GDX close .01 under a 800,000 sell print, but that does not preclude the totality of the circumstances as GDX closed right on its 21 sma after hovering under it for three straight days.

I closed out my TLT short and took a small but risky position in the miners, a short position in LQD, and long position in QQQ. I saw 500,000 LQD shares block traded at 116.76 and we closed below.

ABX is so incredibly close to breaking above the neckline. It could also be rejected here. Possible bear flag.

screen-shot-2016-12-08-at-1-08-39-pm

USO had another 3,000,000 print at $11.30, which was probably the same market maker covering their short position for $.03. They change their minds too at 3 million shares a click. Lol. I supposed that could be bullish for oil.

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