Today was a big gain day with increased volume. Today met the common parameters of a follow-through day which often signals a new uptrending market.
Today I purchased put options on both USO and GLD. I believe these markets could go significantly lower (gold and oil). Those two markets are correlated strongly, so if you are in one, the other will likely do the same thing.
I will not track these on the blog as I have already posted a trade on GLD. However, I will certainly look for follow up trades if the market goes the way I expect. So there may be more to come as far as specific trades go.
Pete
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