To my regrets, GDX bounced back up yesterday, but I did not buy it back... I was not closely following the markets.
The point is that gold pushed higher on a weaker US$, which became even weaker overnight, although gold did not gain more overnight.
Since the markets are expressing concern over a coming rate increase, I believe that I should close the long GLD position in strength on the coming US$ weakness.
for now, the Portfolio is doing "in-line" with past returns. I have started buying longer dated IWM puts, but these trades are longer term oriented and hence not included in the short-term portfolio. I hesitated at buying TZA yesterday, but refrained doing so because a "beat" from AAPL would have pushed everything higher in a gap.
The trade ideas for today are below. I sill intend to trade lightly. There is still a conflicting situation between a weakening US$ and strengthening rates. Not sure that I would buy a GDX breakout as far as this conflicting situation is not resolve.