Tuesday, 1 March 2016

3pm update - net daily gains

US equity indexes are set for very significant net daily gains, entirely negating the recent two days of moderate weakness. A weekly close in the 1980/90s looks very probable, along with VIX 17/16s.. reflecting a market that is almost fully back to 'everything is fine again' mode. Of course, the reality is far from from this current hysteria.


GDX, daily


Little to add.

For me, I am really liking the price action/structure in Gold/miners, and believe it will be a powerful indirect signal of a market peak in about two weeks time.

.. and I am most certainly wishing to be long metals/miners in the next cycle.

back at the close