Market Sense and Sentiment

[bbgold]

Watching for HOD near 10 AM
May or may not happen but that is usually a good indication of whether the morning move has exhausted itself. I would like to see a HOD and then the markets lose support at the SMAs and having them become resistance before I pick up any Puts. Will most likely miss a lot of a retracement move if waiting until then though, maybe. Would still target the 100/320SMA as the furthest OTM for a Put contract at this time. JMHO though :^)