The target in CZ has been hit. Long now at 529. Low today so far is 527 3/4. Look for a 15 to 20 cent rally. Right now I took profits on 1/3 of the position at 530. At this point, its a free trade. I will look to sell another 1/3 at 540. The rest I will hold for a bit. I have a sell stop below the market, in case we roll over and head down to the next support target, 511.
Good Trading
The shorts, in the Stock indexes are working for now. A settlement below 11000 in the Dow should bring on some more selling. 10,700 is a good downside target for Dow Cash.
Metals looks like the shorts are going to work as well.
Move stops down on short positions to protect profits.
Today is Tuesday. Things could really unravel by Friday, if this keeps coming.
A special thanks to NPR for giving me the sell signal on Gold. 🙂
