The New CS Board

[Oddlot]

Re SPY, UUP: both are grossly extended, in trends that can continue, but at points where shortterm cycles indicate potential retracement for approx 3 weeks, which might become new trends.

So, short GLD on stop at 124.47, risking to 126.16. Also, buy UUP on stop at 24.02, risking to 23.89.

These positions are correlated, and therefore position size should be reduced by 25-50%.

Oddlot