When support is in control you buy the dips…….

S&P, Oil, GDX

Energy

Guys on Smart Money were shorting the S&P in mid May at the swing low and putting out sell recommendations on the likes of CHK at $3.70. I suspect they are on TV because they cant make money trading. Meanwhile CHK, ORIG, and ATW are all on fire today….I was positioned nicely….even if Gartman said a week ago that oil was a better bet to lose $5 than gain $2. Again…. this is why he makes TV appearances and writes a letter for a living instead of managing other people’s money!.