Putting on some model portfolio positions…
We purchased 200 TLT at $122.76, Stop at $121.76. Also selling short 500 GDX at $16.43, Stop at $17.03
We are expecting stocks to rollover here and bonds to work higher. We also like the sell in Precious metals here so we are going short the GDX. This last GDX rally has a short-term divergence with the FORCE Index and we think this market rolls over here.