08Jan3:42 pmEST
Closing Out A Few Winners Into the Bell; Chess Moves
Into the closing bell, I closed out a few winning positions.
I covered the rest of my GOOG short $502.93 from my original core entry above $524 and an add in the $516 handle. The stock is staging a reversal on some bad news (for the stock) today, which typically means sellers are short-term exhausted.
I sold the rest of my NUGT long at $13.50 from a $12.84 entry, after taking partial profits at $14.47.
I also closed out my SLW long above $21 from a $20.69 entry.
I am now flat on the precious metals and miners as I expected them to already break higher yet for another rally. The failure to do so has me stepping aside for now and now allowing winners to turn into losers.
See you after the bell for my video market recap.