There are 3.5 weeks left until March expiration, where we currently have eight March 20th option positions still "Active," meaning they have not expired, nor have any of them hit a -50% hard stop. In addition, one active option position expires this Friday, i.e., one of two positions in PL calls, although like so many others, both positions, April and Feb expirations, have been mostly exited via 50% trailing stops. Here is the current Premium Service Active Options Table: Three Mar 20th positions close to -50% hard stop: GOOGL, QQQ, IWM. Silver & Gold Noteworthy are the SLV long trades taken in early December and early January, respectively, both still showing hefty gains despite the crash in Silver prices at the end of January. Active GLD & SLV Positions Note: Trailing 50% profit stops should have closed all but token, "just in case," positions in all three of the above trades. SLV Daily SLV is close to upper parallel channel resistance, it can just as easily break-through to test its all time high @ $109.83 as it is to fail at resistance and drop back to test the early February lows around $65. Not a high probability trade in either direction, but with still almost 600% profits on the initial entry, it is worth hanging on to a small position, just in case. If out of Silver, I would start nibbling back in on any breakout past said resistance above about $83 on SLV, or above $92 on Spot Silver: Spot Silver Wave 4 needs more bars (time) to balance the huge Wave 3 advance, but if it takes off into the mid-$90's, assume Wave 5 to new highs is in play. Spot Gold Spot Gold shows the same abbreviated corrective Wave 4 as Silver, neither bullish nor bearish in and of itself, but so far keeping us from new Long commitments beyond anything left over from the Jan 20th Buy. Wave 3 took three months, Wave 4, so far, took three days. That is unusual for a corrective leg, it should take several weeks to a month or so...but it doesn't have to. GLD Here again, Wave 4 looks way too short relative to Wave 3.
