Bonds, Miners and Stock Market Update.

Bonds:
I closed out Dec bond shorts (entered shorts on July 1st at 175-08) and flipped to long side today near the end of trading at 163-03. Stop on longs is 161-00.

Miners:
I also closed out DUST and some GDX puts I been holding since early August because of the potential CIT timing mentioned in the previous post. Haven't flipped long yet. I have projections down to 5.80 area on JNUG but may not get there. If I miss a big move up from current lows, I'll look to get catch a low in Feb 2017.

Stocks:
Stocks look like they need a washout to the downside in the near future and several cycles I'm looking at are supporting that notion. I bought some SDS (double inverse ETF) Mar calls during the early rally in stocks today. Hopefully we will get a sell-off into 1st half of November. There is potential for a sizable move down, but there is still risk of rallying to my long-term target of 2210 t0 2220 area basis SPX before a larger correction starts.


As usual, this is all highly speculative and may or may not play out as projected.

Kim Rice 10/14/16