Ten days into February we have a very mixed bag of new trades in this Premium Trading Service. Calls in TSLA/TSLL and CVX are doing well, while puts in QQQ/IWM are not. Insofar as none of the aforementioned options expire anytime soon, there is still a chance that some to all of them will pan out in time. Meanwhile, I am on the lookout for even more trades, including re-building positions in GLD and SLV (see below). Blue Line Trading System: Premium Trading Service - Active Positions We were stopped out of some-to-most of our GLD and SLV calls in late January, as market volatility triggered our Trailing Stops, leaving us holding only leftover, "just in case," positions. More coming - see discussion below. Gold & Silver Discussion In the cases of Gold & Silver, the indicated Wave 4 corrective decline may, or may not, be over. The target for Wave 5 is significantly higher than current prices, in both Gold and Silver, but the potential for a test of the early February lows, or worse, is keeping me from getting too aggressive. Once the path of least resistance is clearly higher, expect some new call recommendations in both GLD and SLV. Trading Note: The SLV calls recommended for purchase on Dec 1st reached a profit of +1,292% on January 29th, were summarily stopped a day later at +646% (50% decline from top tick) and are currently sitting at +444%, not bad for a leftover, "just in case," position.
