http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p20151420079&a=420770660
We shorted gold and XLE, And for the moment certainly wouldn’t be buying anything. We are on hold until the present phase plays itself out.
http://stockcharts.com/h-sc/ui?s=XLE&p=D&yr=1&mn=0&dy=0&id=p68704168375&a=420770968
These are what we call no-signal trades. In that there is nothing in the formation to provoke a trade. Just a little homunculus in the head saying these are headed lower. Scaled in on very small position to see what would happen.
Not recommended for conservative investors.