Sunday, May 4, 2014
Not much has changed in my signals and my macro look except I think gold, silver, and the miners may have bottomed, and I have taken off my speculative puts and replaced them with calls on GLD and GDX. I will close my DUST portfolio position this week.
I remain short everything else, UCO, Biotech, UNG, GASL, and have ES short future contracts. The Fed did as I expected, because the math demanded it, The Fed is the only game in town and after June, the government will need funding again.
In the meantime expect general downward pressure in commodities, and high beta, and a lift in volatility. We have squeezed that lemon to the pith, and no one has nearly enough protection.
Enjoy the charts, and remember to click to enlarge. If you want to some real time option picks during the week, please consider my service www.realtimetradingsignals.com.
My trading computer is in the shop and I will post my portfolio and performance upon its return.
Posted by bkudla at 5:36 PM