Friday The Thirteenth

Stan and I were asked an interesting question yesterday, which was whether we had any historical stats for how equities tend to perform on Friday the Thirteenth. We don’t, and I don’t recall ever seeing any. Has anyone seen stats on this? Interesting question and if I ever have some free time I might work […]

Peering Over The Edge

This is obviously a very toppy looking setup on SPX and it’s highly likely that SPX is topping out here in the short term, and very possibly making a major bull market top. In terms of timing, topping processes on SPX tend to be slow and my working assumption has been that SPX would kick […]

Could The Miners Have Provided The Ultimate Fake Out?

by Avi Gilburt, First published Sat Jan 7 for members of  This past week saw a very nice move higher in the GDX and gold, but silver has seriously lagged, which does dampen any outright bullishness at this time.  But, let’s review where we stand overall. Several weeks ago, as the GDX broke down below […]

Wild Morning

We’re only a few hours into the trading day, and there’s already a lot happening. I’m watching the Trump press conference right now, and his words are definitely pushing sectors around, including, notably biotech. My Mexican short idea, shown below, continues to break down nicely, and the core failure (that long red horizontal line) is […]

Hanging in There with DUST

I’m very pleased with the breakdown in crude oil and in Mexico (EWW), both of which I’ve written about quite a lot lately. One trade that hasn’t blossomed yet is my DUST (triple-short on precious metals miners) long, but I’m keeping the faith. Looking at the big picture of, say, NUGT, this seems quite bearish. […]

The TF Falling Wedge Breaks Up

The very nicely formed falling wedge on TF has broken up. Triangle support and the monthly pivot were broken slightly overnight, and Stan & I were looking at that last night and felt that a marginal break, like the one seen overnight, wouldn’t invalidate the bull scenario. If TF can get back over the weekly […]
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