Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 678.87

-0.3%

Dec 16 4:00 PM EST

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To: Justinfo who wrote (65714)	11/6/2014 12:31:42 PM
From: lightfoot	Read Replies (1) of 220215

Justinfo, still looking like we go a little more up, but I've started nibbling on some cheap Jan 165 puts on the SPY, just as a hedge, maybe should have gone out further. And started a position in NUGT yesterday that is looking good, thought about selling it at $11.25, but looking for $12.50 soon. I'm way down on my long exposure, if I had time to day trade i would, but have obligations to help the wife with her craft show this weekend. She needs her fun too, I get fringe benefits, so it is a win win. The Oil stocks are popping and dropping making for nice trades, TPLM is jumping around nice on a daily basis, no one knows what the Saudi's will do next, the US producers are trying to draw lines in the sand. Maybe we just go all in ourselves and start exporting, start an old fashioned gas war! Hopefully reasonable minds prevail and we settle in around $80 oil and everyone keeps their high paying oil patch jobs. I am missing GZ also, what is it 10 more days?

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