Market Sense and Sentiment

[bbgold]

Markets gapping down slightly
Still holding above yesterday's Dow futures support of 8250. That is the level I will be watching for a breakdown of longer term support. Need a good retest of the 100/320SMA as resistance and a continued breakdown of support before signaling a Short Puts signal IMO. Being below the SMAs would be Put happy though and any Call trades could be played back to retests of resistance that hold resistance. If we regain support at the 100/320SMA then the Calls might be held longer. JMHO though. Have a Rocking Day Bernard! :^)