Wednesday Update

Not looking for new positions today.  Slow market opening and volume could be due to the Vegas trade show.  The pullback yesterday might leave room for a move up so we are looking to take profits.  A couple areas of interest:

1) Gold and Silver had their margin requirements raised causing a drop in price while the market was moving up last week. The CME had a further raise again this week. Looking for an entry in the next couple weeks.

2) Researching the TLT – SPY spread trade.


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