Closing Thoughts

1:03 pm PST. Really strong close on the SPY today. It broke above the top trendline confirming that the correction was over. Going into the weekend I have SPY calls, long FAS, short VXX, and have a few AAPL calls. Target SPY is 236 at least, possibly 237. I stopped out of FB.

The miners continued selling off into the close. I am looking for 39.50 on GDXJ next week.

Have a great weekend!

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