The community is delayed by three days for non registered users.

Key Takeaways  SPEAKING of the

Posted by rbreese on 24th of Mar 2023 at 12:46 pm

Key Takeaways  SPEAKING of the DEVIL    from Mark Newton

  • SPX and DJIA remain in near-term downtrends, while QQQ stalled near Feb highs
  • Crude oil has begun a bottoming process, and cycles likely turn up sharply into late May
  • Gold cycles show an April peak and pullback into Summer before large rally into 2024

Miners might settle down a

Posted by rbreese on 24th of Mar 2023 at 12:04 pm

Miners might settle down a bit if part of the fear premium  abates. Seasonally we are in pretty good period starting next week.

Closed  out my short GFI 

Posted by rbreese on 24th of Mar 2023 at 11:54 am

Closed  out my short GFI  at 12.54.  Miners still acting too strong.

Anyone else crazy enough to

Posted by rbreese on 24th of Mar 2023 at 11:21 am

Anyone else crazy enough to join me in GFI short 12.73 this a.m. ? I am a glutton for pain.  Also short GDXJ  38.03

Bought UVXY  puts this a.m.

Posted by rbreese on 24th of Mar 2023 at 10:16 am

Bought UVXY  puts this a.m. at .59   sold some at .68 but still have some.  Just sold the rest  at .69. 

Overall breadth 3500 up about 4400   down . Earlier the breadth was 3 to 1 to upside. 

junkie made a point about

Posted by rbreese on 23rd of Mar 2023 at 12:21 pm

junkie made a point about Oil stocks not having found a bottom yet . I see WTI up 7.00 since lows but XLE  is struggling . SLB big red. 

Breadth not good at all.

Posted by rbreese on 22nd of Mar 2023 at 03:25 pm

Breadth not good at all. 2900 up 5100 down . 

Shorted NEM   47.44 in

Posted by rbreese on 22nd of Mar 2023 at 03:06 pm

Shorted NEM   47.44 in this crazy period after Powell.  Covered most  46..52

Bought SDOW 27.99  and quickly

Posted by rbreese on 22nd of Mar 2023 at 02:37 pm

Bought SDOW 27.99  and quickly out  28.37

Key Takeaways  Mark Newton maybe

Posted by rbreese on 22nd of Mar 2023 at 10:30 am

Key Takeaways  Mark Newton maybe right about  314 level. 

  • SPX rally nearing key downtrend, while QQQ likely to challenge 314
  • Healthcare’s outperformance over Equal-weighted SPX is worth keeping an eye on
  • Medical Devices looks to have broken out, while Biotech looks close

My best friend of 50 years says that it is crazy there .  Good luck .

Fred  It is obvious you live in NYC.  Do you feel the danger of crimes? I lived there in 1970 to 1990 when it was safer.

Covered GFI  11.25  a  nice

Posted by rbreese on 21st of Mar 2023 at 11:41 am

Covered GFI  11.25  a  nice   double to left centerfield.  Down from 11.85

Looks like with GOLD Weak

Posted by rbreese on 21st of Mar 2023 at 08:34 am

Looks like with GOLD Weak my GFI SHORT playing out .

AG    after the close

Posted by rbreese on 20th of Mar 2023 at 05:28 pm

AG    after the close getting trashed after cutting back on mining in Nevada. I am not sure why NEM largest miner is acting so poorly but be careful in general. 

Added more to GFI 11.87

Posted by rbreese on 20th of Mar 2023 at 04:03 pm

Added more to GFI 11.87 short and I look at NEM  AEM  and GDX . GFI has an ugly dangerous candle too. Good evening. 

Mark Newton just on likes

Posted by rbreese on 20th of Mar 2023 at 03:34 pm

Mark Newton just on likes OIL and his target year end for SPY 4500. I know he is Tom Lee. 

Closed rest RIG short at

Posted by rbreese on 20th of Mar 2023 at 02:17 pm

Closed rest RIG short at 5.76 .

Covered half of RIG 5.77 

Posted by rbreese on 20th of Mar 2023 at 12:43 pm

Covered half of RIG 5.77 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!