When we discussed the miners ($GDX) a while back, we were basing our analysis on the precious metal markets ($GLD and $SLV) , which are firming up. The Silver markets are starting to firm and if we see a pop in Gold ($GLD), and continued strength in the Swiss Franc, it would only enhance the potential for a nice bounce in Silver.
Speaking of red hot sectors, Healthcare ($XLV) has been the market leader to the upside and the catalyst has been biotech. We do not see weakness at this stage in biotech, but if we do then this market leader could turn laggard quickly.
Finally, the tension in Ukraine and the current data out of China does have market watchers monitoring closely into the long weekend. Volatility ($VIX) actually came off today so there is not a heightened sense of any broad market violent moves.
I am doing a webinar today at noon CST on new types of income strategies. Please join me.
See you next time at the Corner!
Comments Off on
Tradespoon Tools make finding winning trades in minute as easy as 1-2-3.
Our simple 3 step approach has resulted in an average return of almost 20% per trade!