The weekend update I re emphasized my conviction for GDX the gold miner ETF. This week has seen a sharp rally and the market is now marginally above my entry point. I do expect a several week rally in this market.

In the stock markets I think we are still in the midst of a range that will continue to persist for the rest of the summer. That doesn’t mean the stock market will not make a new high— in fact i think there is a good chance it will. Whether it is sustainable at new highs is where I question. I think ultimately it will come back into range trading, with a decent chance of seeing the low end of the range again by the fall. Overall a whole lot of nothing to look forward to. If you are a short term trader then I would look long on Thursday for a rally of sorts into the month end.
My stocks to watch for buys INTC, ARKG, XYZ, RSP, NVDA.
Thanks,
Joe

Recent Comments