The odds of a significant rollover for the US Markets
While the markets hang close to all time highs Doc and I look at a couple charts that show they could be in for a bit of a pullback. The important question is will this pullback be fast and deep and slow and shallow? The next couple days will give us a good idea.
Click download link to listen on this device: Download Show
Sounds like spankulation to me. 😉
Bix today:
https://youtu.be/ZhG0NnFMeKg
“The market is standing on a diving board looking down at the water…” Thanks Doc for the metaphor. I am slowly starting to short some etf’s today.
🙂
Me too.
I want that 12 week moving average to take a sudden plunge. lol
There is a cycle analyst from England who thinks May 11th, tomorrow, could be a big down day. I don’t know whether he changed his mind or not… I guess we will find out soon.
Peter Eliades? He is a yank. 🙂
It is a guy named Sandy Jadeja. http://www.marketwatch.com/story/crash-guru-warns-the-dow-could-plunge-to-14800-and-todays-a-date-to-watch-2017-03-13
Thanks.
Doc, how’s the poison ivy? Order some bananas from Amazon.
Epstein Metals TA:
Uranium Energy Corp Strengthens Leading ISR Portfolio with Acquisition of Fully Licensed Reno Creek Project
Canada NewsWire
CORPUS CHRISTI, TX, May 9, 2017
NYSE MKT Symbol – UEC
CORPUS CHRISTI, TX, May 9, 2017 /CNW/ – Uranium Energy Corp (NYSE MKT: UEC, the “Company” or “UEC”) is pleased to announce that the Company has entered into a definitive Share Purchase Agreement (the “Agreement”) with Pacific Road Resources Funds (“PRRF”) to acquire all of the issued and outstanding shares of Reno Creek Holdings Inc. (“RCHI”) and, indirectly thereby, 100% of its fully permitted Reno Creek in-situ recovery (“ISR”) project located in the Powder River Basin, Wyoming (“Reno Creek” or the “Project”).
Transaction Highlights
Strengthens UEC’s pipeline of low-cost ISR uranium projects with the addition of Reno Creek, located in the prolific Powder River Basin in Wyoming.
Reno Creek hosts an NI 43-101 Measured and Indicated resource of 27.47 million tons grading 0.041% U3O8 yielding 21.98 million lbs U3O8 at a grade-thickness (GT) cutoff of 0.20.
CFS, thanks for pointing that out—I missed it. I’ve been accumulating shares of UEC and wondered about the recent move.
Another rare black candle put in on the $gold daily chart. Not a good sign at all.
Hi Doc,
What is your view on XON after today’s earning? Are you still accumulating and still think this is AAPL of biotech very long term.
Thanks
Dow had a sudden sharp fall today below 20900 but somehow got rescued quickly by some big traders.
Snap has finally snapped. Down 23% after a 2.2 billion loss in one quarter. Not a bad start. It going even lower.
Snap, crackle, and Pop!
Snap = Schumer…..Crackle=Hilly…..Pop=Bernie………
Here’s some interesting facts, percentages on the upcoming rebalancing of GDXJ. Worth the read IMO: https://katusaresearch.com/junior-gold-stock-etf-poised-create-fire-sale-opportunity-gold-stocks/
“The important question is will this pullback be fast and deep and slow and shallow?”
That’s what she said.