Taking Stock: I'm Glad!!

I have been observing different developments and events in the market lately, and was having a very bad feeling about what could possibly be happening this week. Several of my positions were at a sort of undecided crossroad, so I did my due diligence this morning before the opening bell and put in several stop-loss orders. Most of those orders were in precious metals, oil, and natural gas related positions.

It looks as though they were all more than triggered this morning, and I will probobly be setting some more. Over the next day or so, I'll be watching to see if it will be a good time to take a position in SDS.

I'm willing to bet that a part of the FOMC presentation this week will contain, implied or otherwise, something to the effect of 'There is no threat of inflation'. So, it was definitely a little past due to bail out of gold and other inflation related positions for a little while.

I'll also be keeping my eye on the Dollar Index (DXY0) in the near future, and waiting to see what the broad market is going to do.