Catching a $70 point move in GLD makes up for not participating in Netflix. Booked half the calls. And jobless claims under 400K is now good news. Nosebleed territory and I am on the sidelines. However, the squeeze continues with the banks and the financials already up several percent despite downgrades yesterday. The tail end of a move is what often results in explosive profits for the nimble. Wouldn’t surprise me to see some profit taking kick in over the next couple of days.
And there it appears. Off to class, lets see if yesterday reverses.