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

Looks like with GOLD Weak my GFI SHORT playing out .

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

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 5.76 .

Covered half of RIG 5.77 

Back in RIG  shorted 5.89  this a.m. 

Some Gold minors look extended shorted GFI 11.81 this a.m. 

Got out of SPXS at 20.75 premarket while out at an appointment this a.m. 

Junkie I kind of agree a bit early and may have a rally into esrly MAY based on huge pessimism for stocks.

Yes my other computer did not have : on it but this does.  

Have you noticed QQQ SPY ratio is at extremes too? Thanks. 

Dan  NILES  just sold META and other TECH while going long commodities like COPPER  ALUMINUM Oil etc. Based on China reopening. He is sure inflation will reignite and looks for SPY  3000 later this year. 

I bought SPXS  after listening to junkie and Tom Bowley at  20.50. Good weekend to all.

Historically, the most bullish time in March is passing at today's close. The next two weeks are much more neutral, though I can provide you a breakdown of this period as follows:

• March 19-22: -22.82%
• March 23-31: +9.94%  Historical trends from Tom Bowley   JUNKIE   this could fit in with your scenario. 

Nothing to write home about here, but the early part of next week could be the most challenging, at least if history repeats itself. The above percentages, by the way, are the annualized returns of the S&P 500 since 1950. History isn't a guarantee, but it does give us another clue.

Agreed up grind higher and most often we have a rally into FED meeting too. Thanks.

BOND/COMMODITY RATIO TURNS UP... Ratio analysis is the best way to compare two asset classes. Chart 6 shows a ratio of bond prices (TLT) divided by commodity prices rising over the last week to the highest level in a year. It's too soon to call that a major bottom. But it does suggest that the tide may be turning in favor of bonds over commodities. That's consistent with a weaker economy. And is usually bad for stocks as well. That may help explain the recent flight to the safety of Treasury bonds as stock and commodity prices fell.  From John Murphy  yesterday. On Stockcharts for members with more charts too.  TLT$GNX   is the ratio  Murphy  used 

Junkie still feel we may rally into end of March ?  Sentiment is certainly trying to set up. I look at QQQ:SPY ratio at 82 so that is going to have a tough time leading much more .

UVXY puts all gone .88 as VIX  and UVXY are stable and bouncing up a little