06/04/13 05:02 PM EDT

Trades of the Day: OIL & GLD

Takeaway: We shorted oil (OIL) at 12:00PM at $21.86. We also shorted gold (GLD) at 2:33PM at $135.09.

We've been waiting patiently for an immediate-term TRADE overbought signal to re-short oil on - here it is. Oil’s bearish TREND remains courtesy of #StrongDollar. As for gold, it remains mired in a Bearish Formation after failing at $1424 immediate-term TRADE resistance yesterday. We remain The Gold Bears. Bullish on Growth.

Trades of the Day: OIL & GLD

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