We had a list of support spots to buy coming into today -- at first we were going to day-trade them on reversals but noticing how heavy the tape was we decided to put on smaller starter positions swing (our starter positions are always 25% of full positions).
Here are all our positions. We won't add today -- in the unlikely event that we bounce from these lows, great. If not, then we expect to take some pain and add at next support zones sometime this week -- and thus most likely our targets will be rallies back to resistance (which was support today) for the over-shoot strategy.
The most important thing here is not to add any more today in order to reserve gun-powder as this pull-back feels more serious.
Note we already took some profits on RGLD BTU AA
Added starter positions also on MDR AGU
Daily Recap: August 22, 2014
12 hours ago