I think I got a little too carried away with backing up the truck and exited all of JNUG and some ABX into the close. ABX closed at 16.92, which is not what I wanted to see for a bullish tomorrow. I wanted to see a close above 16.93, so hmmm, mixed, and I lightened up on my positions.

That said here are the block trades I saw for the precious metals/mining sector:

1. IAU – Approximately 1.1 million shares traded from 11.52-11.57. We closed above all those prints at 11.59.
2. GLD – Approximately 600,000 shares traded from 114.29-114.30. We closed above those prints at 114.77.
3. GDX – 1.03 million shares traded at 22.67. We closed above.
4. AUY – 410,000 shares traded at 3.12-3.14. We closed above.

This all would normally be bullish, but both GDX and ABX closed under the 4 ema, so I lightened up a little on my positions.

For the indices, here are the block trades I saw:

1. SPY – Approximately 11 million shares of SPY traded at 226.78. We closed below.
2. IWM – Approximately 3.5 million traded at 134.94. We closed below.
3. QQQ – Approximately 300,000 shares traded at 123.00. We closed below.
4. AAPL – Approximately 500,000 shares traded at 120.00, and 600,000 traded at 119.81. We closed below both.

As a result I remain bearish on SPY and AAPL and somewhat bullish on the miners.

I stopped out the remainder of UGAZ for about +1.00. I bought some FCX into the close.