Time 4:04

Market Comments:

Markets close at the lows. I have put on a 1/2 of the market short. We have the sell signal but not aggressive so I don't want to add to the short until we see an alligator move.

Stock: GDX

I covered 1/2 of the GDX short because of the previously explained conditions (read last blog).
There was no real buy signal yet but it seems like the meat is off the bone. If we get a 60. min buy signal I will cover the rest.

Time 2:52

Stock: GDX, ETFs

GDX: Possible important note on the daily chart. Negative DMI is as high as it has been during this recent down trend. 2X the Neg. DMI hit these levels and both times it signaled the end of the impulse move down in the stock.

ETFs: QLD, SSO, DDM, don't add to short too quickly. We need a true impulse move lower to really get fully short. This may mean that we take the position into tomorrow with out finishing.

Time 2:30

Market Comment:

FED did what market expected. Short 1/4 of position. Wait until 3:00 before adding.

Stock: GDX, PWRD

GDX: FED move seems possibly gold bullish as there is no real talk of inflation fighting. Today is 1st day that GDX is out performing CEF. This change in behavior is important. Look to cover some of the short or all on a 60 min. buy signal.

PWRD: Don't add last $100k until last 10 min. of the day if the stock is going out at the high. Pay more you make more