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S&P 500
5,702.55
(
-0.19%
)
US TECH 100
19,302.00
(
0.02%
)
Dow Jones
42,063.36
(
0.09%
)
Brent Oil
74.01
(
0.16%
)
Bitcoin
63,621.25
(
0.00%
)
Post# of 51847
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Oddlot

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Oddlot

Re: Oddlot post# 49200

Friday, 01/05/2018 12:02:49 PM

Friday, January 05, 2018 12:02:49 PM

Post# of 51847
Re SPY, UUP: both are grossly extended, in trends which can continue, and at points that short term cycles indicate retracements may occur for the next 3 weeks, which may become new trends.

So, short GLD on stop at 124.47stp, 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

Stay on the right side of the cycle!

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