5:26 am PST. Yesterday I mentioned that I thought TLT was a buy. TLT is up this morning pre-market.

5:11 am PST. The e-mini’s are slightly down this morning as I thought would occur today. I want to watch to see the quality and character of this correction to tell me what wave we are in. The VXX is saying that we are topping, but the dark pool has not shown its hand in selling. The market makers usually start selling en masse when there is going to be a correction.

Gold futures are up slightly this morning even though the dollar futures are up as well. I added onto my miners position.

8:06 pm PST. Which could carry us to May, or beyond that. Anyhow, just posting it up.

7:51 pm PST. My updated HYG wave count.

1:03 pm PST. Nice come back for gold. SPY almost reached my $267 target, reaching a high of $236.44. I closed out my SPY calls this morning for maybe a 35% gain, and sold way way too early as they eventually more than doubled. I bought SPY puts and have those on now as well as VXX calls. I also started scaling into mining stocks like GDXJ at 40.42.

10:48 am PST. It is possible SPY could do one more minute wave higher tomorrow at about $237.

8:34 am PST. TLT is a buy here. I think it is going to rally to possibly $125 as the indices correct in a Major wave 4. Confirmation happens if TLT breaks above the upper trendline.

7:33 am PST. GS is negatively diverging on all time frames from the monthly down the one minute fractal. I think it is becoming dangerous to hold long the indices. TLT also looks like this morning’s sell-off was just a wave ii.

7:21 am PST. GDXJ almost reached my target, going to 39.82. Gold reversed really quickly and … whoa, very large GDX block trade just came in at 24.62 – 1,910,199.

I started accumulating mining stocks after I saw the gold snap back up and overlap. KGC had a large block trade at 3.77 for 1,158,336.

I have also bought VXX.