12:52 pm

Today I had a really great trading day, probably the best day of the week. I am really happy about how I traded today and will reward myself with a nice little something. I have to think about what my reward will be.

Gold started to sell off early in the morning. I could see the upper trendlines on ABX and NEM were just too much resistance and found a lot of sellers there. GDX also could not break through the 21 sma on the day chart after attempting for three straight days. GDX finally broke down.

I shorted NEM on the retrace after the gap break down this morning and traded it well.

TLT and LQD sold off as I expected they would. I exited my LQD at the open. The QQQ rallied up nicely and still maintains a bullish posture to my $120 target.  I exited my QQQ overnight swing at the open as well. UGAZ rallied too, sold off and then found buyers again. I saw two large DGAZ prints near the close at $3.38 for a total of 14,000,000 shares.

I expect gold and bonds to continue the sell-off Monday morning and for the indices to continue to rally.