I close out the NKE Apr 60 puts. Overall market is sliding. I am skittish enough to head for the exit, instead of waiting for the action to sort itself out. This puts me back to flat (no trading positions).
Meanwhile, GLD and GDX have retraced part of last week's steep decline. I still think that odds favor lower lows in the precious metals and won't try chase this rally. Too many newbies in the metals market, and almost none of them are scared. Of course, odds are never a guarantee.
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