NEM Yesterday we entered NEM Long with the following trade instructions: "Because we are already two days into this signal, consider a partial position now, while waiting for NEM to take out this morning's high print of $89.25 (currently NEM is trading at $87.64) for a full position. A close above $90 is likely to cause a sprint to challenge $98.58 (all time high), then $100+. Otherwise, a retracement of recent rally into low $80's is possible." This morning NEM traded as high as $93.40 and it does look to be sprinting higher, targeting $100, minimum. NEM Daily Note: B/O Buy on Nov 7th also constitutes a Wave 5 Buy Signal. Initial NEM Call Purchase New Capital Thirty-seven days is plenty of time to reach +100% or better. QQQ Soon after today's Open, the DJI was up over 400 points, while QQQ remains negative on the day. Enough said. We are awaiting a more definitive breakdown before stepping up to the plate and adding to our bearish option strategy: SQQQ Dec 19th $14C. Same observation as with NEM calls: Thirty-seven days is plenty of time to reach +100% or better. SQQQ Dec Calls Add more on a QQQ print below 615 and even more on a close below 598.
