Because several of the vehicles that Rick’s Picks trades and forecasts actively were approaching imnportant inflection points, we spent most of the session identifying possible trade set-ups. Woeking mainly with hourly charts, we located precise spots to get short in the Mini-S&P, the Mini-Dow and the Diamonds (by way of buying February 115 puts). Gold and Silver were in no hurry to go either up or down, but a close analysis revealed why, amidst the most serious correction in months, our bias should be moderately bullish.
