This means risk off, because the heroin flow is reduced, and the general downtrend in the broad indexes, and a strong downtrend in high beta will continue. I will continue to hold SPXU, and watching for my target on BIS to reduce my size.
Regarding commodities, my signals are still telling me to short them, and I know oil and nat Gas has defied me, but I will continue to take shots at it. The same with gold and the miners. I bought DUST at 24.09, it promptly went red by 20% and now almost to break even again, in one week. I see DUST in the mid to high 30's, and I see gold and silver rolling over this week, and see gold hit 115 by the end of May. I hold May 1 125 puts. I also am holding May GASL 37 puts.
Having said all that, this week is Easter week, tax day, and OPEX week, and we will get a rip your face off short covering rally. I will cut my SPXU position in half, probably the same on BIS and will buy XIV, and offer a UVXY trade for my subscribers. The following week the downtrend will continue.
The portfolio continues to perform very well, and superbly against the SPY benchmark. I also posted yesterday on Real Estate, and First Trust Deed investing, why I do it, and whom I'd recommend you should work with if you are into real estate, and if you like a very smart diversification option. http://arum-geld-gold.blogspot.com/2014/04/something-different.html
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