Next I'll post a chart of GDX which is the proxy for the Gold Miners stocks. Looks bad, looks weak and I'm guessing has more downside ahead of it.
Next come the chart of the Russell 2000 which a few weeks back had rolled over to the downside but has now corrected upward and issued a buy signal. I'll probably place a bet on the RUT Monday.
Last comes the chart of my sole remaining bet which is a bet the price of bonds will go up and yields down. UBT is posted below.
UBT looks a little sickly and I may to have to pull the trigger on it if it crosses the line. In short I am looking for more upside in stocks, more downside in gold and I'm hoping for more upside in the price of bonds but it doesn't look to good as of Friday. Chart of the Model Portfolio below which is up 9.77% so far.
UBT | 100 | - | 56.69 | 62.23 | $-5.00 | $+554.00 | +9.77% | $6,223.00 |
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Total | $ -5.00 | $ 554.00 | 9.77% | $ 6,223.00 |
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