Continue to hold FXE July $122.00 puts with target $120, then restest of low, if hold $120 then be ready to reverse and buy calls-

Targets for GLD $119.77, and then $118.97, and $116.94

Was on the road yesterday / no internet access- was stopped out nof GLD with 32% profits – have reversed and bought July $121 GLD puts

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OOPS- Sorry was typing in a hurry and my brain got ahead of myself -it is strong support for UUP at $24.78-80 not resistance….

Correction on UUP resistance is $24.78- $24.80 so if drop to $24.69 sell calls – otherwise set stop at $24.69 & hold over weekend

On BP set stop at $28.27 if storm in Carribbean develops into tropical storm in next hour move stop to $27.63 otherwise set at $28.27 & hold

So for GLD set stop at $121.50 equivalent, if significant break thru at that level will reverse, buy puts since will signal new correction

On GLD if break all time high of $123.50 today or monday will keep holding, if fail + drop below new stop of $121.50 will close position

For UUP reverse is true $24.80 strong support if break thru will sell UUP calls and buy puts, if hold $24.80 then will hold over weekend UUP

On FXE $123.55 strong resistance if break through then will consider closing our puts if hold and fails $123.55 then will hold over weekend

Probably got out of Andarko APC a little too early but profits are always good! I’ll look at renenter next week based on Weather in Gulf APC