Mining Sector Ideas

[gfp927z]

Bigworld, Just curious if you are still holding with the full SVIX position? Thanks.

The S+P 500 looks like it could use a pullback / consolidation, but is showing resiliency. The RSI briefly reached overbought (70), but has come down to under 68, and the Chande is only barely in the green, so no obvious red flags there yet. The Nasdaq is back to 69 on the RSI, and has gone basically sideways for 5 days, so a 'quasi' consolidation. The Russell has gone sideways for 7 days, with RSI at 64, and the DJIA is at only 63 on the RSI.

The long end of the bond market is sitting ominously just under 5%, and the metals / miners are bouncing back from the recent pullbacks. So what comes next I wonder? I already took profits on most of the Flex side, with the idea of re-entering once the S+P 500 pulls back to the 200 MA. But instead, the market may not pull back and just continue on up to the Feb high. Probably will depend on news flow, additional tariff deals, etc.



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