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TFC Commodity Trading Forum

Re: SnP ?/Silverbear/Lee
In Response To: SnP ?/Silverbear/Trades ()

I had an order in for a long position on the Ultra Short Oil and Gas ETF:DUG but price never got a fill with the gap up. I was trying to short using Oct Crude resistance at 91 but it never got that high before the selloff. No big deal. I either try to make money, breakeven or lose just a little. No other option is acceptable to me. And I never caught the big breakout on the Gold Stock ETF:GDX that broke out over 64 resistance today on the gap up. So I get nothing today. I don't have a problem with that as it fits well within my objectives. I didn't try to 'guess' at the S&P with price right at such a critical price point resistance as the SPX chart I posted showed. It could easily have gone either way on a big gap as well. And it still could go both ways!