With my focus on a deep dive in the big picture for stocks, it has been easy to avoid discussion of two potential longer-term Longs in which that we are holding calls, GLD and TSLL. Let's take a quick mid-week look, "just in case" anyone has forgotten all is not Armageddon when it comes to pattern recognition trades. Gold (GLD) Robert Prechter has just published another "the top is in" for Gold. Since he has been hinting at it, Gold (and our calls) have risen nicely. Let's see if he can keep his contrarian record in tact by planning on rolling over our April calls into June (strike TBD) come the third week of April. Gold Weekly "Prechter's Top": Looking for a breakdown to exit trade, otherwise, keep on truckin'. TSLA 2-Day TSLA projecting to $500 later this year on this 2-Day Fib Extension TSLL 2-Day Our most recent TSLL call purchase was on Mar 24th, looking for $15-$35 in TSLL before Sep expiration, taking the Sep 19th $10C to $10-$25 along the way. IWM Hourly ("Short Pending") A close below $200 and we buy Jun out-of-the-money puts. See "Not Dark Yet".
