open

7:23 am PST. Closed out my JNUG trade for about +.70 from yesterday.

6:59 am PST. Silver is up as anticipated. I am watching gold now. I think it might stall at the 1239 area. It has to close above to signal further upside.

XLF is also down and the dollar is down, as anticipated. I am looking for 25.40 on UUP before a bounce. EEM is modestly higher is probably going to consolidate now for a couple of days.

Screen Shot 2017-03-21 at 6.58.56 AM

Closing Thoughts

1:03 pm pst. Silver still looks bullish. XLF sold off into the close and I am a bear. JPM closed below the prints. UUP looks like it wants to make another low. TLT rallied today. UNG looks bullish, as does XOP.

XLF

11:39 am PST. XLF still on route to $24. JPM had a 517,000 share block trade at 90.52 and we are below. Need to watch the close. Dow still looking towards 20,500, but possibly 20,700 first, depending on the close.

Screen Shot 2017-03-20 at 11.38.17 AMScreen Shot 2017-03-20 at 11.38.58 AM

EEM

7:39 am PST. EEM continues to make progress to the upside as expected. FXI too. It might need to consolidate, however, as it is becoming slightly overbought now.

Screen Shot 2017-03-20 at 7.39.17 AM

Screen Shot 2017-03-20 at 7.42.24 AM

Closing Thoughts

1:00 pm PST. Silver closed right on $17.39, lol. Good enough as the pattern looks bullish for next week. Quadruple witching today. Happy St. Patrick’s Day!

Screen Shot 2017-03-17 at 1.00.56 PM

The Dow looks like it wants to go to 20,500.

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