As long as stocks with bullish implications such as cup/handles continue to show up on my nightly scans, this market is going to grind higher. Today gold, along with the general markets rebounded just as I thought they would and I recaputed some of yesterday’s losses until…..I was blindsided after hours with my CAVM position. Luckily it hit an intraday sell area and I took 1/2 of my position off the table, but news events like this are par for the course in the life of a trader.
Sometimes the news is your friend and other times it wipes out your winnings and then some…
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