As I suspected, the "bad news" from the fed was already baked in after yesterday's pullback. We have rallied back from 200 down to be break-even on the Dow so buying the dip like I suggested has payed off nicely. I'm not holding anything though as we still face headwinds from Europe's debt crisis and we'll probably have to suffer some more bad economic data before the numbers reflect the turnaround I believe we're already experiencing. I'm adding to my Gold ETF (GLD) shorts if there is more strength in the precious metal as I think it still has a few hundred dollars more to come in. I'll be adding to names from my shopping list on any dips.
This is not a recommendation to buy or sell any securities. DAK was short GLD at time of publication but positions can change at anytime.
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