updated below my position this morning..might as well do it here also.
moved from short EEM first hour early when it was down -1% over to short the RUT as it bounced to only down .08 lets call it Flat.
into the close i ve not decided if any part of ..or all of the long XAU/NUGT position will be exited. as i said yesterday my Goldens Signal is a day before a big move
which usually sets off the basic signals... so those are just firing up today. just because the signal is early and right ... doesnt mean i should exit..just as others are
getting their buy signals. if i do exit it will most likely go to short the EEM via EEV... same with the Short RUT position i moved to this morning.
but i just sat down and need to look at the information on the day ...to make a final .
main reason for this post is the update on the MOMO indicator which remains in bearish trend as its oscillators reaches an area of oversold territory meaning we
have moved thru a bullish cycle within the bearish trend. at this time there is no trend change and infact the move yesterday was bearish.. now watching signs for the VIX
as any move up would help keep the MOMO in its current bearish trend and another strong move down could help move it out of its trend.
thats it for now...as i continue to monitor the weaker and the stronger indexes .. .and continue to move from shorting the weakest and paying long the strong ones which
looks to be the XAU after today.
have a nice trade.