IAC - 3 things really... 1) possible double bottom on the EUR/USD 2) KBE broke support yesterday 3) I like the symmetry of the hourly charts on both gold and gold stocks...so obviously that was the wrong move because what I sold is WAY up and what I bought is down, but not WAY down...although I haven't reversed my positions just yet - it does hurt like a MF seeing everything move up so strongly.
That said, I primarily lay the blame on the KBE index for what has happened to me here today...I now see that the surprises are to the upside.
Fwiw, I'm still long PMs because I still think I'm right (???) - but then again it's easy enough to stop loss this little endeavor.
Btw, look at the hourly on the GLD and tell me that doesn't look bullish and the 200-day MA on the daily is apparently (?) support...unfortunately the gold stock index is reflecting the bullishness of the broad markets.
FP........................................................
