Time 10:38

Stock: GDX, SLT, PWRD

GDX: It appears I have made an error when covering 1/2 of GDX yesterday. I broke my cardinal rule and tried to anticipate the markets move. I must remember that the only way to make money in the market following momentum principals is to read and react not to guess at direction. I should have stayed completely short until a buy signal was given on the 60 min. and daily charts. It would have been ok to lose some money on the hedge to be sure the sell off was over. On the plus side I did hold half and that is an improvement. It takes time to change behavior. Keep at it!

SLT: Love the idea and no real sell signal but can't afford to hold as the commodity sector is destroyed.

PWRD: Chart looks great with volume on the breakout. Wait for the next 60 min. buy signal to double the position.