Closing Thoughts

1:09 pm PST.

The miners rallied right up until the final few minutes of the close when the day traders started taking profits. I exited all of FCX stocks before the close. I still have the options on them. I was looking for a green close so I exited my stocks.

GLD looks bullish tomorrow. I added onto my PAAS position and have GDX and GLD calls for tomorrow. The dollar etf, UUP, looks like it is almost done with this corrective wave 4, but it is not quite there yet. I still like VALE. I was looking for XLF to tag $23 where I wanted to buy FAS, but both the Dow and the financials rallied nicely into the close and the correction might already be done.

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4 thoughts on “Closing Thoughts

  1. Thanks so much for your real time comments-it helps my trading to see another person’s style

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  2. Love reading your comments Susan. Just got out of JNUG – hoping for a correction before I get back in. January is usually very strong for gold and the miners. Have a great 2017. John Kitcher

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