Risk is reduced in the gold stocks and I think I am going to take profits on most remaining bear positions and manage risk through cash %. The broad asset spectrum probably needs a bounce with the Greek 'will they or won't they?' b/s serving as an excuse. This is all sentiment and technical support level stuff.
Edit (11:40) There, sizable bear chunks gone against Euro (EUO) and Oil & Gas (DUG). The options stuff was small. Cannot take it lightly when these crooks give you profits on the short side.
http://www.biiwii.blogspot.com
http://www.biiwii.com
An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10