I spent some time last night reviewing all active trades currently listed on the site. For the most part, all of the long trade ideas (including the Long-Term Trades, which are always long-side trades) look fine for now. I still favor a rates ups, stocks down scenario in the upcoming weeks which should help benefit the Growth & Income Trade Ideas, or at least help to mitigate any losses on those trades should the market experience a sharp sell-off. As far as GLD, SLV and the mining stocks, after giving back all the post-Fed gains and then some, they are still holding up relatively well, especially the metals themselves (GLD & SLV) with GDX finding support around that 25 level (I think the lowest 60 minute candlestick close was at 24.89, which is close but not far enough below the previous suggested stop of “somewhat under the 25 area). We’ve have several quick pierces below the 25 level over the last several sessions with prices aggressively fighting back to quickly move back towards that key support level. Personally, I’ve yet to buy back any of the shares that I sold on the post-Fed post last week and I’m still undecided if I will as I’m not still not comfortable with the charts, especially with the risk of a broad based sell-off very high right now IMO but I have decided to leave the metals & miners on as Active Trades for the time being.
Regarding the short trade ideas, there were several trades that no longer look clearly bearish (which may be removed over the weekend) as well as several that may have exceeded a previous suggest stop but still look like objective short entries or setups at this point. Therefore, I will leave the active trade ideas as is for now but I do plan to update as many trades as possible, particularly those that look that look very compelling at this time. As I plan to post quite a few updates today, the automated email notifications feature will be disabled as to avoid overwhelming the in-boxes of those subscribed to receive notifications of new posts. As such, you may want to check the site for updates throughout the day if you are current following any of the active trade ideas or setups.