Midyear 2017 update

We are at an interesting cross roads for the market.  Leaders like AMZN that have been on +8 year runs have had hit big round numbers.  Put/Calls have been low.  The underperformance of commodity stocks have had a parabolic move which I retweeted recently.  The QQQs have started to weaken.  While interest rates have probably put in an all time low.

My best guess is the next bull market will be glad by commodities and inflationary trades.  Usually you need the market to get hammered and the next leaders to show relative strength. first

So here is a recap of some long term ideas have been tracking so you can pounce.

REMX (rare earths) -  Look at all of those tight weekly closes!!!!!!!  If this base works, the upside of this is a enormous.  The second base would be interpreted as a second 1-2.  Has had pivot points recently for possible entries.  Not sure if this base needs one more shakeout.  I have half a position.  A big one.  But not mach 2 with my hair on fire big.

URA - nice candle on the monthly.  Hasn't made a lower low.  Just had a pivot point through 50 day.  Might need one more low.  Same position size as REMX.

CCJ is a leader in URA.  Looks like it needs a final shakeout in its first base it has had in years.  I have a tiny position.

XLE - up through 50 day.  probably needs one more shakeout despite recent strength.   The monthly shown here had same setup as IWM last year.  Nice doji to end the month.  Small position.

SEA - might need one more low but just ripped the faces off of the shorts. pivots already through 50 and 200 day.

GDX and ABX.  Original pivot points have hit some stops.  Still like the long term ideas.  the monthlies look like they need a final shakeout.  But look at all those tight closes on GDX.  If they rinse these in next 2-3 weeks, they look like buys on shakeout plus 8% setups.  I'm confident those 2015 lows are the lows for a long long time.

CS just had pivot points too.  Beautiful cup in a larger cup and handle.  Wow!!!!  Still have a medium sized position which i was never stopped out on.