Elite Swing Trades

[SwingKing]

I also see Oil and Gold are pretty much on track with our expectations but it's probably time to relook these and tighten up our shot group. Oil is headed down to our $70 make but it sure look like it's slowing down, at least for now.

Gold has been dancing around the 114-16 region and it still hasn't completed tipped it's hand but it's starting to show some cards. Of course there's always one in the bunch that has something to say about plays that exceed our targets but this is not a competition to see who can squeeze the most juice out of every play. That type of willy nilly gunslinging, (yes, I'm guilty but trying to get that in check) is not a good strategy in this type of market. Whenever we put a target on a play I always try and reduce risk by giving minimum expectations. The decision to stay longer is a personal one and honestly can't be made until game time. I think calling a drop to 109 from 119 10 days out and calling for a $5 Bounce would have worked out pretty well for anyone taking that advice. I understand folks are wound tight and the stress levels are through the roof but I have a feeling this week will be just what the doctor ordered.