UPDATE

I. GLD: I bought calls at 107 and 105.60. Exit target at 109. GLD formed a inverted hammer/ inverted lollipop candlestick today and in the past it always led to 2-3% upside within 2-3 trading days. Also based on historic trading, GLD always went up 2-3% between X-mas and New Year. Pay attention to the black bars at the bottom of previous downtrend on the daily chart and you will see what I mean. I think UUP could drop to at least 22.90 in the next few days. I will close my GLD calls on Dec 28th/29th regardless of where it trades. I am hoping for a 2-3% rally in the next 2-3 trading days. The worst case scenario is it trades sideways, in which case I will break even. Gold usually drops during the first week of Jan. This is just a short term trade.

II. Few overbought stocks with my target entry price (for buying puts) and exit targets-

1. SNDK @ 28.75, exit at 24-25

2. X @55-56, exit at 50

3. SPG @ 84, exit at 79-80

4. CSIQ @ 32.00-32.50, exit at 28-29

Merry X-mas and Happy New Year.