My decisions to:
- Cover my ES shorts at ~822
- Sell my Russell puts
- Go long DIG and GDX
all seem to be, so far, well-founded. Of course, my "well-founded" trades sometime seem idiotic the next day, but that's what stops are for, right, mates?
But the cold fact is this………and those heavily "committed", take heed………just about the worse imaginable economic news was issue this morning, and the market has flipped from down hard to up big.
Anyone who has studied the markets at all knows this is a powerful indicator of higher prices to come.
A bear could not have wished for "better" news this morning, but it looks like the markets are going to end in the green today (I am typing this 70 minutes before the close). Take heed and respect the facts before you.
