Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
Tuesday, January 3, 2012
SPY-Where to now?
I also trimmed about 40% from my long miner and metal positions as the moves were just too big to not take some profit. I believe we are still very correlated and everything will move with the index.
Something to watch is when the dollar bottoms, EDC puts will be very profitable. The cycle guys are flashing the yellow flag for a trade able dollar bottom. If you don't follow cycles I suggest you follow @tradepoly on Twitter and go to www.likesmoney.dojispace.com.