Covering Your LONG Gold

Hi Folks,

I am recommending that you exit your long GOLD positions before Friday's jobs report. Although the dollar has not sold off yet as I think it will, GOLD has performed enough for my liking. I use DZZ(double short GOLD) and DGP(double long GOLD) to play the Gold market. If you had followed my recommendations for shorting GOLD on November 27 and then getting long GOLD on February 5, you would be up over 60% in 3 months. Although GOLD still looks like i may have some legs I am not willing to take he chance. We could see a pop in the dollar on Friday depending on the report and we will have to wait to get long GOLD if that is the case. I am NOT recommending shorting GOLD here but I think it is prudent to take your gains off the table.

I am still short term bearish on stocks and the stronger indicator's there lead me to believe the dollar may have a short term rally. I would not be surprised to see the DXY hit the 50 day MA(79.2) tomorrow and we should bounce off of that.

Thanks and Good Trading,

Tim Winters

Head and Shoulders in AAPL

Hi Folks,

Just a quick update. It looks like AAPL has formed a head and shoulers pattern. This is a bearish pattern. A move below $195 would confirm this. I would expect it to sell off pretty significantly possibly to the $140 range.

Thanks and Good Trading,

Tim Winters

Time to Short again

Hi Folks,

I want to be clear that most of my recommendations are short term. With that being said I shorted BAC today and will short more tomorrow I am also adding to my short in CREE. The VIX looks poised to bounce off of these lows.

I am still patiently waiting for the dollar to pullback resulting in more upside for GLD. I expect this to happen over the next 2 weeks. It will be intersting to see how the market reacts to a short term weaker dollar. The recent trend has been as the dollar slides the market goes higher. This is the first time in a while that I have been looking for a sell off in both the market and the dollar at the same time.

If you have any stocks, bonds, commodities or currencies you would like my opinion on, feel free to ask.

Thanks and Good Trading,

Tim Winters