DOW 8,076.29 +119.23
NASDAQ 1,694.29 +42.08
SP500 866.23 +14.31
On the week, indices were nearly flat. Markets still significantly overbought.
Rumors that financials have been up because there has been a quiet effort to make financials unavailable to borrow and existing shorts have been called in. Shorting of financials was not outlawed for a period last Fall, but that was done via public announcement. If the current ban on shorting financials is true, it has not been told to the public. Additionally, forcing existing shorts to cover would immediately drive the sector higher.
For early next week, hedge positions or consider moving to cash - at least get off margin. Stay long energy and metal.
GLD 89.72 +0.92. Is setting up to jump higher.
SLV 12.67 +0.13
PTM 14.30 -0.12
APL 4.43 +0.36. 34% dividend, if it pays.
FAS 8.41 +0.56. Get out early next week.
SSO Covered at 23.27 for no per share loss/gain, though loss of transaction fees.
TRE 3.09 +0.07. Barron's article pushed the price to 3 this week. Went long at 2.98.
URE 3.90 +0.31. Stay long and don't be shaken out. Weekly volume is high and growing, and this is getting ready to quickly move up.
XLF 10.94 +0.24
VMW 26.00 +0.08
XLE 46.07 +1.30
CAKE 17.81 +2.89. Long term buy on a retracement.
DGP 19.48 +0.41
GME 31.31 +0.81. Potential short.
RGR 10.82 +0.00. Needs to hold 10 or this can give back two months of gains.
RJA 7.27 +0.06. The investment seeks to replicate, net of expenses, the Rogers International Commodity Index Agriculture Total Return index. The index represents the value of a basket of 20 agricultural commodity futures contracts.
RJN 4.74 +0.07. The investment seeks to replicate, net of expenses, the Rogers International Commodity Index Energy Total Return index. The index represents the value of a basket of 6 energy commodity futures contracts.
TZA 32.05 -1.95. Triple small cap bear. Potential buy next week.
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