Opted to cover my shorts a few minutes ago because I remembered about the jobs report tomorrow. Let me be very clear that I do not think a short term bottom is in place, but the markets may temporarily bounce or act wierd tomorrow with the report and I felt for me personally the best thing to do is move to the sidelines. Only hold one short (AEM) right now and that is because technically it’s weak and it won’t be as affected by the report. Have some errands to do so I’ll be back later to report other findings….Hope people are cashing in on my advice, or at the very least protecting their capital by not being long.
Regarding that CNBC article I did yesterday.
XME down 5.17% XLF down 10.16% as I write this.
Never listen to CNBC…..ever.
