Not Political … Just Fact

The last time we had a sustained multi-year meltdown (’07 – ’08), there was a ‘ban’ on short selling.

Since Trump is ‘strictly business’, will he try (or instruct the SEC) to save the market?

Based on this link, maybe not (not advice, not a recommendation).

If that’s true and there are no ‘saves’ this time around, then we’re in uncharted territory; at least since the ’87 crash.

Gold Miners ‘Bid’?

The rest of the market’s breaking down, but the miners are holding steady (sort-of). They look like there’re headed for at least one more push higher.

Junior Miners GDXJ, Daily

We’re including the MACD, to show if there’s a new high above the 53.00 – level, it sets-up a (potential) bearish MACD divergence.

This coming Tuesday, is Fibonacci Day 8, from the February 28th lows.

Positioning

The short trade JDST-25-04, was stopped out early in the session. No other shorts are planned for this sector … yet (not advice, not a recommendation).

Short trade in biotech XBI, remains active as LABD-25-02, with stop at LABD 7.44 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279