A bit of giveback today after the sweet, sweet action of Wednesday afternoon after it was announced the interest rates are increasing 0.25% as widely expected.

This was baked into the market, as I’ve talked about, and the apparent weakness of Tuesday was just to shake out the weak hands.

All good still as we continue to trend higher.

As for my NUGT position I had Monday, sold for a small loss Tuesday, but had a feeling it would work, it sure did Wednesday afternoon.

Can’t win them all but it would have been nice.

SPY is fine and looking for a move higher once it finishes this consolidation.

Superb action with volume where it should be, low on weak days and high on strong days.