Closing Thoughts

1:04 pm PST. TLT finally cracked below $121 but closed just above it. I remain bearish.

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GDX had a strong close, but I am not sure if this is a bearish rising wedge or if GDX is about to break out to the upside.

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The SPY just coiled and coiled and coiled all day. I think there is a big move coming, and I am biased to the upside.

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XOP made gains today and continues to look bullish along with oil.

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