Pretty much everything did as was expected last week, according to the charts. Emotionally, I was not as confident. GLD has broken out, now I expect it to start stair stepping at least to the February highs, I am long calls.
The miners have successfully tested and are moving higher, probably much higher. I am now going to widen my stops on positions I am still in, and will do so for others I enter. . I will enter SLW, EGO, SSRI, RIC and AG this week.
SLV has not yet broken out, above 28.14 triggers my buy signal. I am doubling my calls, July 27's.
Oil is a mess, and I think it still has room to fall, however I went long HAL (buy signal hit at 30.05) Friday on two successful tests and it getting bid up all day, the last two days.
SPY broke its bear flag, I closed my lower Condor legs, and bought puts on SPY and on FAS on Thursday. I closed FAS but kept SPY. I can see SPY fall to 121 area, but if it reverses, I am going long high beta, SPY calls and banks to a short covering rally.
For those following my signals below is the spreadsheet of open trades and trades closed this week. I also posted charts for your review. It will be an interesting week.
For the year I am up 36% on my buy signal trades.