Mining Sector Ideas

[gfp927z]

Bigworld, Thanks. The tariff exemption just announced for tech products will hopefully give the market a further boost next week. This should get the S+P 500 back to 5500, and then we'll see how much further it gets in this move. Above 5500 would be 5600, and then the 50 and 200 MAs (5700 area). So these should be the next main targets on the chart, though might need some back + fill first before getting there.

Just curious about your use of SVIX as a bullish 'surrogate', rather than just using the SPY or a 2X long vehicle like SSO? The S+P 500 is up ~11% since bottoming Monday, but the SVIX is still right near its bottom. Not only hasn't SVIX bounced yet, but with the broader market already up considerably, any market pullback could send the VIX upward again, thus further sinking SVIX. Anyway, not sure what the advantage is for using SVIX, instead of SPY or SSO (?)



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