• Portfolio Management for October 24, 2016

    On Thursday, I closed the TNA long and 1/2 of the GDX long.

    No change on Friday. I was hoping to short weakness, but there was no weakness until the end of the day. Gold miners were still relatively strong, even though the US$ was up against the Euro.







    Overnight, the US$ seems to be weakening. This might help gold push through its strong resistance level.





    Most surprising is for me to see the e-mini breaking out overnight. I am clearly looking at shorting the markets, but shorting breakouts is a very poor idea. Hence, I could stay in a wait and see situation.



    The trade ideas for today are below. I am now taking a one week off at the Belgian coast, but will still follow the markets... It is great to work with an almost 180 degrees view on the sea. My only problem is that I do not have all my data screens, working only from a laptop.