12:50 I am bullish on AAPL. 115.91 print for 500,000 just traded. Indices look like a buy here.

12:34 closed NUGT for about +.12. I am being careful about holding it over the weekend as it looks /GC still has further downside to go.

I am really impressed with how the indices are holding up. The Dow is doing a sideways consolidation without giving up much.

CHK looks bullish still. We are above the prints and closing positive. I closed most of my ABEV out today +.04, it moves very slowly.

Have a nice weekend everyone!

8:28 It looks like RGLD completed a 5 wave down sequence. I bought some NUGT for the RGLD bounce up to maybe $64

If CHK can close above 7.20, I like it for a long-side trade to a possible new high. Stop breakeven. ABEV moving slowly higher. QQQ and AAPL rolling over a bit.

6:36 am. block trades at 14.48/1,378,774 traded, and at 14.45/334,000 traded. stopped out as we are below both.

6:01 am. CHK popping slightly higher  this morning. I am still bullish above yesterday’s prints. I will become more bullish if CHK heads above 7.20 resistance.

ABEV up slightly this morning too. Bullish above yesterday’s prints.

5:57 am. It appears we probably have a series of minute wave iv-v’s into about Tuesday next. We are probably in iv/(iii)/5/III, with v/(iii)/III today, then (iv)/(iii)/III, then (v)/III into Monday/Tuesday. Then a wave IV – probably a triangle as wave IVs a usually triangles – in January. Then the final wave V down to below $1000 in January/February. This all becomes negated if /GC rallies to 1242, or if /GC rallies t0 1150 and holds 1124. If /GC rallies to 1150 and holds 1124, we might already be in wave IV.

5:44 am. Overnight the indices’ futures barely retraced, correcting sideways. That is typically very bullish. There are very few sellers, only buyers. Whatever dip that happens gets quickly bought up.

AAPL this morning is now back above the prints and I am bullish now. I see support at 115.93 and resistance at 117.43.

wave count: possibly one more gap low tomorrow that gets reversed and closed.

7:16 edit. I think it might be just a very shallow retrace on the indices. I will watch the levels.

~1:45 Apple closed well below the prints and has a bearish pattern formation on its chart. I expect more downside tomorrow as well as for the QQQs, SPY, and DIA.

CHK closed .03 above today’s prints and I expect bullishness tomorrow. FCX had a print at 14.60/429,565 traded and we closed .01 above.

Gold and the miners gapped down this morning. The gap remained open at the close I saw an additional 150k GLD shares traded at 107.62 and GLD 167,680 shares at 107.68. We closed below both. IAU also had about 830,000 shares traded at 10.87 and we closed .01 under. GDX had two million shares traded at 18.81 and we closed above. It looks like probably more downside tomorrow, but a somewhat mixed signal.

Quadruple witching tomorrow.

12:39pm DE Looks like a buy here to $106 target.

11:10 am. CHK looks interesting. I saw two decent sized prints, one at 7.00/992,100 traded, and a second at 6.99/656,500 traded. If we close above those, that could be a buy signal and I might look to go long. Watching.