Choppy Action Continues | XAU IPSU SWIR

More choppy action is the only way to describe trading online today. The QID trade I took, ended up stopping me out. The daily chart has no trend, so getting stopped isn’t surprising. I did sell some COG, AEM, GG, and GDX into a morning spike. I’d held those over the weekend. Nothing too exciting there.

XAU.X has failed to hold the breakout over the downtrend. Hit and run trading is the only way I’ll play it now.

IPSU - Imperial Sugar Co. is looking interesting. Earnings are in the morning for the stock. It should be active. You can also trade the warrants of this one - IPSUW. The weekly shows the stock running into resistance here.

SWIR has been holding up well on the down days. It should be a leader when the market shows strength.

The FOMC meets Wednesday. I don’t expect any excitement until after that.