Friday, September 9, 2011

Sold TMM.TO Bought HGD.TO

This is the daily chart of TMM.TO and why I decided to get out.

Bailed out of TMM.TO with a $315/7.5% gain.
I bought 500 shares at 6.91 of HGD.TO which is 2x gold stocks short.  This is shorting the short term top on gold stocks which has had an amazing run. Check out the XGD.TO below with the volume. There's also divergence on the 60 min chart (not shown).

Daily chart of the XGD.TO. I am looking for a move down to 26.90 and the 20MA/rising trendline.

No comments:

Post a Comment